Marquette Business Credit funded more than $32 million in new commitments for four new clients.
The clients included Sync Financial, a provider of channel financing to electronic hardware and software consolidators; Hammond’s Candies, a manufacturer and distributor of candies; Rich Godfrey & Associates d/b/a Coleman Power Sports, a designer and distributor of recreational vehicles; and a designer and manufacturer of high-end wood flooring products.
The secured credit facilities contained a range of revolving lines of credit, equipment term loans, capital expenditure lines and cash secured loans. The facilities will provide the companies with the funds necessary to meet their working capital needs, refinance existing debt, purchase additional equipment and meet their business growth expectations.
Marquette Business Credit is a subsidiary of UMB Bank and provides asset-based loans up to $50 million to middle-market companies throughout the U.S.