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Marquette Business Credit Provides $6MM to Variety Distributors

February 04, 2015, 07:24 AM
Filed Under: Distribution

Marquette Business Credi announced it recently funded a $6  million working capital line of credit to Variety Distributors, Inc. (VDI).

VDI, located in Harlan, IA, is a cooperative based general merchandise distributor of over 25,000 SKU’s to member and non-member retailers throughout the United States.

Marquette Business Credit provides asset-based loans to middle-market U.S. based companies with credit requirements from $2 million to $15 million. On a national basis and to a wide variety of industries, the firm provides secured lines of credit against accounts receivable, inventory, machinery and equipment, real estate, along with cash flow supported term loans. 

Marquette Business Credit is owned by Marquette Financial Companies, which is part of the Pohlad Companies, a diverse group of more than 25 independent companies owned by the Pohlad family. The Pohlad Companies operate in financial services/banking; commercial real estate; automotive sales; sports and entertainment, including the Minnesota Twins, a major League Baseball franchise; and investments in privately held companies.

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