Marquette Business Credit announced that Andrew Burgess was promoted to VP/marketing officer for the southwest regional office. Previously, Burgess worked as a mutual fund accountant at Investor’s Bank and Trust.
Marquette Business Credit announced it provided Document Processing Services with a $7 million revolving line of credit to support its continued growth.
AloStar Business Credit said it recently exceeded $300 million in new loan commitments over the past twelve months.
MidCap Business Credit completed a $1.5 million asset-based line of credit to a Texas-based valve distributor, which sells into the oil field service industry. The credit facility is supported by advances on receivables and inventory.
NewStar Business Credit provided a $5 million revolving credit facility to Seattle, WA-based Vinum Wine Importing and Distributing. Vinum distributes a variety of spirits and fine wines.
MidCap Business Credit completed a $3.75 million asset-based line of credit to a board manufacturer located in New England. The credit facility is supported by advances on receivables and inventory.
MidCap Business Credit closed $13.55 million in new asset-based credit facilities for the month of December.