Marquette Business Credit, Inc. recently funded a $5 million working capital line of credit to Nouveau Eyewear, Inc. Based in Carrollton, TX, Nouveau designs and distributes optical frames for men, women and children. Nouveau is a portfolio company of SunTx Capital Partners, a Dallas-based private equity firm that invests in growth-oriented middle-market manufacturing, distribution and service companies. This transaction was originated by Andrew Burgess, a VP at Marquette's Dallas office.
Marquette Business Credit provides Asset Based loans to middle market U.S. based companies with credit requirements from $2 - $15 million. On a national basis, to a wide variety of industries, Marquette 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.