Marquette Business Credit announced it has provided a $6 million revolving line of credit secured by accounts receivable and inventory to The Industrial Group, LLC to refinance its existing line of credit and to support its continued growth. The company, via several locations throughout the western U.S., provides pipe, valves and fittings for a variety of industries, including utilities and oil and gas exploration.

Marquette Business Credit provides asset-based loans to middle-market U.S. based companies with credit requirements from $2 million to $15 million.  On a national basis, to a wide variety of industries, the firm provides secured lines of credit against accounts receivable, inventory, machinery and equipment, real estate, along with cash flow supported term loans. 

Marquette Business Credit is owned by Marquette Financial Companies, which is part of the Pohlad Companies, a diverse group of more than 25 independent companies owned by the Pohlad family.  The Pohlad Companies operate in financial services/banking; commercial real estate; automotive sales; sports and entertainment, including the Minnesota Twins, a major League Baseball franchise; and investments in privately held companies.