Fifth Third Business Capital provided $29 million in financing to Precision Marshall. The financing package consisted of a revolving credit facility, a term loan and a capital expenditure line. Precision Marshall used the financing for refinancing and to fund growth.
Joe Fobbe, managing director of business development for asset-based lending at Fifth Third Business Capital, worked on the deal with colleagues Jeffrey Seiden, underwriting manager of asset-based lending, and Rich Sitz, senior director of portfolio management for asset-based lending.
