Daily News: August 23, 2016

Marquette Business Credit Funds $5MM Facility for Pancon

Marquette Business Credit funded a $5 million credit facility for Pancon and its affiliates.

The secured facility consists of a $4.5 million revolving line of credit plus an additional $500,000 cash flow term loan. This new facility will provide Pancon with the working capital needed to refinance its existing line and provide additional capital to meet its business growth expectations.

East Taunton, MA-based Pancon, a Milestone Partners portfolio company, is a global designer and manufacturer of custom cable connectors and multi-layer polymer capacitors.