Daily News: November 15, 2018

Marquette Provides $25MM in Commitments to Three Clients


Marquette Business Credit recently funded three new clients with new commitments totaling more than $25 million.

The clients included:

  • Arch Auto Parts, a near-immediate distributor of auto parts and supplies
  • Gordon Lumber, a lumber yard specializing in the manufacturing of roof/floor truss components
  • Blashack Coal, a processor and provider of high quality anthracite coal

The secured credit facilities contained a range of revolving lines of credit and equipment term loans. The facilities will be used to 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.