Marquette Business Credit Closes $32MM in Recent Transactions

Marquette Business Credit funded four new clients with new commitments totaling more than $32 million. These new clients include Sync Financial, a provider of channel financing to electronic hardware and software consolidators; Hammond’s Candies, a manufacturer and distributor of candy; Rich Godfrey & Associates dba Coleman Power Sports, a designer and distributor of recreational vehicles; and a designer and manufacturer of high-end wood flooring products.

These secured credit facilities contain a range of revolving lines of credit, equipment term loans, capital expenditure lines and cash secured loans. Marquette’s credit facilities will provide these companies with the funds necessary to meet their working capital needs, refinance existing debt, purchase additional equipment and meet their business growth expectations.

Marquette Business Credit, a subsidiary of UMB Bank, provides asset-based loans up to $50 million to middle-market companies throughout the U.S. It makes loans to a wide variety of industries, which include lines of credit secured by accounts receivable and inventory, term loans supported by equipment and real estate, as well as cash-flow supported term loans.

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Terry Mulreany
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