Marquette Business Credit funded three new clients with commitments totaling more than $40 million. The clients included software systems and service provider RadiSys Corporation, machine part manufacturer Trinity Forge and electronics manufacturing Logic PD.
The secured facilities included a range of revolving lines of credit, equipment term loans, real estate loans and cash secured loans. The funds will be used to meet working capital needs, refinance existing debt, purchase equipment and provide additional capital to meet 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 U.S.