Daily News: May 31, 2017

Marquette Business Credit Provides More Than $31MM to Three Companies


Marquette Business Credit funded three new clients with new commitments totaling more than $31 million.

These new clients include Artcobell, a designer and manufacturer of K – 12 educational classroom furniture; Castwell Products, a foundry specializing in the manufacturing of ductile and gray iron casting and Wastewater Specialties, a provider of industrial cleaning services to marine, oilfield and commercial companies operating in the Gulf Coast region.

These secured credit facilities contain a range of revolving lines of credit, equipment term loans and capital expenditure lines. 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 provide additional capital to meet their business growth expectations.