Marquette Business Credit funded a $5 million rental fleet financing facility and revolving line of credit to Midwest High Reach, a Joliet, IL-based full service construction and industrial equipment rental, sales and service company.

The secured facility consists of a $1 million revolving line of credit plus an additional $4 million equipment term loan and capital expenditure line.

This new facility offered by Marquette will provide the company with the working capital needed to finance its fleet purchases and allow for growth opportunities.

“Our company was growing rapidly, and our need to find a lender capable of growing with us had become acute, just as our business was taking another upward turn,” said Rob Snook, COO of Midwest High Reach. “Shortly after we were introduced to Marquette, we presented their team of seasoned professionals with a set of criteria for our business, and a critical timeline. They immediately went to work to close the transaction we needed, when we needed it.”

Marquette Business Credit provides asset based loans up to $25 million to middle market companies throughout the U.S.