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Marquette Funds $7.6MM Facility to Industrial Hardware Supply Distributor

June 14, 2016, 07:56 AM
Filed Under: Distribution

Marquette Business Credit announced it recently funded a $7.6 million credit facility to a retailer specializing in maintenance, repair, and operational products, providing supply chain management solutions and distributing high quality industrial hardware, tools and safety supplies/equipment to its customers.

The secured facility consists of a $7.5 million revolving line of credit plus an additional $100 thousand equipment term loan.  This new facility offered by Marquette will provide the company with the working capital needed to refinance their existing lines and provide additional capital to meet their business growth expectations. 

Marquette Business Credit provides asset-based Loans up to $25 million to middle market companies throughout the U.S.  The loans are made to a wide variety of industries and include secured lines of credit against accounts receivable, inventory, machinery and equipment, real estate, along with cash flow supported term loans. 

UMB Financial Corporation is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses.

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