UMB Provides Financing Facilities to Midwest Quality Gloves, TJ Hale

UMB Capital Finance, through Marquette Business Credit, recently closed two asset-based credit facilities for Midwest Quality Gloves and TJ Hale Company.

These long-term financing accommodations include a variety of customized products including revolving lines of credit, equipment term loans and cash-flow loans. UMB Capital Finance’s comprehensive suite of product solutions will enable these clients to meet their working capital needs, refinance their existing debt, purchase additional equipment and exceed their business growth expectations.

Karen Nichols, executive vice president and chief operating officer of Midwest Quality Gloves, said, “UMB Capital Finance delivered on their proposal and took the time to understand our business. We look forward to the partnership and appreciate their understanding of our growth needs.”

Midwest Quality Gloves is a manufacturer of leather gloves and distributor of work gloves, garden gloves, high performance gloves, raingear and garden accessories.

TJ Hale is a portfolio company of Gemini Investors and a manufacturer of retail fixtures and displays with specialized expertise in precision craftmanship, value engineering, project management and installation. TKO Miller, an independent, advisory-focused, middle-market investment bank, served as the exclusive debt advisors for the company.

UMB Capital Finance provides a suite of financing solutions that include asset-based loans, accounts receivable purchases, invoice financing, mezzanine debt and minority equity investments. It operates as part of UMB Bank.

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