Daily News: March 5, 2013

Marquette Provides $9MM Facility to Loadcraft

Marquette Business Credit said it provided a credit facility to Loadcraft Industries, including a $6 million revolving line of credit and a $3 million equipment term loan.

Loadcraft is a manufacturer of oilfield related equipment. The company provides its products and services to some of the largest and most sophisticated oil and gas companies around the globe, Marquette said.

“The professional lenders at Marquette were able to propose and sponsor a loan structure, built around the strengths of our balance sheet, that fit our immediate financing needs, as well as our plans for growth,” said Terry McIver, CEO of Loadcraft Industries.