Marquette Business Credit announced that at the close of October new business commitments in 2015 jumped to $103MM, up 49% from the same time last year. With two months still left in the year, 2015 has already proven to be the best year in MBC’s 11 year history. This past June, Marquette became a subsidiary of UMB Bank (a subsidiary of UMB Financial Corp.) and their partnership instantaneously provided opportunities for growth and expansion. With the support of UMB, Marquette quickly and comfortably transitioned into a slightly larger mid-sized facility marketplace while at the same time becoming one of the most competitively priced lenders out there. Marquette Business Credit now offers customized ABL deal structures ranging up to $25.0MM in commitments and provides financing for secured lines of credit and cash flow supported term loans. Marquette Business Credit…The financing you need. The commitment you deserve.
Ron Vanek, president of MBC, was quoted as saying “2015 is already a record breaking year for Marquette. We are excited to see this expansion into the larger deal market and anticipate more new business by year end. There have been so many changes this past year and our partnership with UMB has enabled us to offer products with a new competitive price point and other treasury management support services that we were unable to do before. With our recent launch to a national platform, we are now capable to sustain such unprecedented growth. It’s an exciting time to be a part of Marquette.”
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 Corporationis 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. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.