Daily News: May 14, 2019

Marquette Funds $21MM+ in Secured Facilities for Three Companies


Marquette Business Credit recently funded three new facilities with new commitments totaling more than $21 million. The borrowers included The Hibbert Company, a marketing and fulfillment service provider; Stalcop, a manufacturer of custom designed cold formed components; and Prestige Farms, a value-added poultry distributor.

These secured credit facilities contain a range of revolving lines of credit, equipment term loans, real estate term loans, and capex lines.

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 meet their business growth expectations.

Marquette Business Credit is a subsidiary of UMB Bank and provides asset-based loans of up to $50 million to middle-market companies throughout the United States.

UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses.