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SBDG Signs $3.5M Term Sheet With Marquette Business Credit

April 16, 2014, 07:39 AM
Filed Under: Specialty Chemicals

Small Business Development Group, Inc. announced that it has signed a term sheet for $3.5 million with Marquette Business Credit, Inc., an asset-based lender, to fund the growth of Production Partners Chemical Inc. This new credit facility is an increase of $2 million over the existing credit line, which is needed to fund the increase of business. SBDG's investment banker, Avalon Net Worth, managed the process over the last 60 days, interviewing and narrowing the list of possible lenders.

Chief Financial Officer Doug Calaway said today, "We believe our new relationship with Marquette will position us for growth. Avalon's approach and its network of quality asset-based lenders introduced us to a wide variety of qualified lenders to select from. Our relationship with Avalon is continuing to prove that we have the right partner to advance our business strategy."

Production Partners Chemical Corporation is a California-based processor of formulated specialty chemical systems to meet the needs of various industries.

Small Business Development Group, Inc. is a holding company acquiring companies for its own portfolio, and is a strategic business solutions firm providing services to companies requiring cutting-edge financial advice in the area of corporate growth and exit strategies.

Avalon Net Worth and Avalon Securities, its FINRA and SEC registered broker-dealer, provide a variety of investment banking and advisory services to companies ranging from mid-market private companies to Fortune 500 companies to early stage firms.

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