Marquette Business Credit funded more than $54.3 million in transactions to four new clients. These fundings included facilities to Omada International, a machining and manufacturing company for the aerospace and energy industries; a metals recycling facility in Los Angeles; Terra Drive Systems, a manufacturer and distributor of hydraulic drive systems for agriculture equipment and heavy duty trucks and a Southeast U.S.-based fresh and frozen beef processor.
The secured facilities consist of a range of revolving lines of credit, equipment term loans and CAPEX lines. These facilities offered by Marquette will provide the companies with the working capital needs to refinance existing debt, purchase additional equipment and provide the additional capital to meet their business growth expectations.
Marquette Business Credit provides asset-based loans up to $25 million to middle market companies throughout the U.S. The loans are made to a wide variety of industries and include secured lines of credit against accounts receivable, inventory, machinery and equipment, real estate, along with cash flow supported term loans.