Marquette Business Credit funded more than $150 million in transactions during the first half of 2017. A total of 10 customized facilities covering a wide range of industries including manufacturing, oil and gas, and even food and beverage were added to the portfolio, all consisting of a secured revolving line of credit along with a variety of equipment term loans, capital expenditure lines and real estate loans.
Marquette’s credit facilities will provide these companies with the funds necessary to meet their working capital needs, refinance existing debt, purchase additional equipment and provide additional capital to meet their business growth expectations.
Ron Vanek, president of Marquette Business Credit, said, “In 2016, we made a variety of organizational changes to help set the stage for Marquette’s growth. Those changes are yielding better than expected results as we have already seen unprecedented new business growth in just the first half of 2017. With MBC backed by UMB, we can offer customers a personalized experience backed with big bank resources. It’s a concept that’s easy to sell in today’s market.”