UMB Capital Finance, through Marquette Business Credit, LLC, continues to fund millions in senior debt capital needs with the recent closings of two asset based credit facilities. These new, secured lines provide further financing resources for Midwest Quality Gloves, Inc., a manufacturer of leather gloves and distributor of work gloves, garden gloves, high performance gloves, raingear and garden accessories; and TJ Hale Company, LLC, a premier manufacturer of retail fixtures and displays with specialized expertise in precision craftmanship, value engineering, project management and installation. TJ Hale Company is a portfolio company of Gemini Investors and TKO Miller, LLC, an independent, advisory-focused, middle-market investment bank, served as the exclusive debt advisors for the Company.
These long-term financing accommodations include a variety of customized products including revolving lines of credit, equipment term loans and cash-flow loans. UMB Capital Finance’s comprehensive suite of product solutions will enable these clients to meet their working capital needs, refinance their existing debt, purchase additional equipment and exceed their business growth expectations.
Karen Nichols, EVP & COO of Midwest Quality Gloves, Inc., said, "UMB Capital Finance delivered on their proposal and took the time to understand our business. We look forward to the partnership and appreciate their understanding of our growth needs."
UMB Capital Finance combines the strength of our experienced team with a suite of financing solutions that range from asset based loans to accounts receivable purchases and invoice financing and from mezzanine debt to minority equity investments. For our ABL solution, we typically serve middle market companies with annual revenues from $10 million to $300 million. We provide asset based financing up to $50 million via lines of credit secured by accounts receivable and inventory, and term loans supported by equipment, real estate and cash-flow.