Marquette Business Credit funded four new clients with commitments totaling more than $79 million. These clients included Borroughs, a commercial storage systems manufacturer; Warner Robins Building Supply, a building materials distributor; Ittella Foods, a manufacturer in the food industry; and a Northeastern factoring company.
The credit facilities contained a range of revolving lines of credit, equipment term loans, real estate loans and cash secured loans. The provided funds will allow these companies to meet their working capital needs, refinance existing debt, purchase equipment and furnish additional capital to meet their business growth expectations.
Marquette Business Credit, a subsidiary of UMB Bank, provides asset-based loans up to $50 million to middle market companies throughout the U.S.