Marquette Business Credit, LLC announced it recently funded an $8.2 million credit facility to Nelson-Miller, Inc., a portfolio company of Superior Capital Partners. Based out of Los Angeles, Nelson-Miller, Inc. is an internationally recognized pioneer and leading supplier of product identification and user interface solutions including nameplates, graphic overlays, keypads, touchscreens and several other products designed for customers in the medical, aerospace, industrial, and consumer industries.
The secured facility consists of a revolving line of credit, equipment term loan, and capital expenditure line. This new facility offered by Marquette will provide Nelson-Miller with the funds needed to refinance their equipment loans, finance new equipment and provide additional working capital to meet their business growth expectations.
Scott Hauncher, Partner with Superior Capital Partners, LLC., was quoted as saying "When we decided to change senior lenders for Nelson Miller, one of the first calls I made was to Marquette. They have been a valuable partner for one of our other portfolio companies and we knew we could trust them to deliver. We chose them over several other lenders and we are pleased with our decision once again. Not only did they deliver what they proposed, they did so even earlier than promised."
Marquette Business Credit provides Asset Based Loans up to $25 million to middle-market companies throughout the U.S. The loans are made to a wide variety of industries and include secured lines of credit against accounts receivable, inventory, machinery and equipment, real estate, along with cash flow supported term loans.
UMB Financial Corporation is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. 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.