Daily News: February 25, 2014

Marquette Business Credit Provides ABL to AMSCO Steel

Marquette Business Credit announced that it funded a $6 million asset-based revolving line of credit for AMSCO Steel.

“AMSCO has long relied on strong, local banking relationships, with institutions and individuals who knew us well and understood our business. When our growth required additional working capital financing, Marquette stepped up with the same degree of individualized attention we were used to, coupled with broad industry knowledge and a quick grasp of the unique aspects of our business model. With these tools, Marquette was able to structure a credit facility that provides far greater support for our working capital asset growth than we had ever had access to with our bank lines,” said Stephen Sikes, chairman and CEO of AMSCO Steel Company.

Fort Worth, TX-headquartered AMSCO Steel is a steel and aluminum processor and distributor, with plant facilities in San Antonio.