Daily News: August 30, 2012

Marquette Provides $3.5 Million A/R Line to HPI Racing


Marquette Business Credit provided a new credit facility to HPI Racing under a $3.5 million A/R and inventory revolving line of credit.

HPI Racing, located in Foothill Ranch, CA, is an international manufacturer and distributor of high-quality radio control (RC) cars and trucks, parts and accessories for the hobby market.

HPI has a 26-year history of providing award-winning RC products to the RC enthusiast. The company has a global clientele consisting of the leading RC distributors and retailers.

Bart Boyer, general manager, stated,