Marquette Business Credit announced it recently funded a $5 million revolving line of credit and inventory term loan to Patrick James, Inc. Patrick James, Inc. is a well-established, high-end men’s apparel retailer with fifteen retail locations across California, Arizona, Nevada and Oregon.  The family owned business began in 1962 as a private label retailer and has since expanded to also offer other high end brands such as Cole Haan, Tommy Bahama, Robert Grahman and Donald Pliner.

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 and 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.