Daily News: June 18, 2013

Marquette Provides Inventory Revolver to SportsGiant

Marquette Business Credit announced it recently provided SportsGiant with a $5 million revolving inventory line of credit to support its continued growth.

“Marquette Business Credit has a deep understanding of the rapidly changing and evolving retail environment, and that made them a perfect fit for us” said Shael Wilder, president and CEO of SportsGiant. “We were seeking a long term financial relationship with a group that could help us grow and expand our business, and we were delighted to find in Marquette a partner who could structure a transaction purpose built for our positioning” he added.

Daniel Styles of Styles Capital Group added, “We discussed this deal with many financial institutions; Marquette rose to the top by quickly grasping the growth strategy and proactively working with us to develop a flexible structure that will be key to helping management rapidly expand the business.”

Carlsbad, CA-based SportsGiant is a specialty multi-channel retailer of niche sporting goods products. Through its initial niche category, hockey equipment and merchandise, and under the brand HockeyGiant.com, the company has become one of the largest and leading specialty hockey equipment retailers in the U.S.