American Trucking Associations welcomed Marquette Transportation Finance, an industry leader in providing working capital financing to trucking companies, as its latest Featured Product provider.
"Financing operations and investing in the growth of your business are two of the most difficult challenges facing many of our ATA Member companies in the trucking industry. Marquette Transportation Finance offers versatile financing that allows you to grow your business and keep operations running efficiently," said ATA President and CEO Bill Graves. "The Marquette Transportation Finance team works alongside transportation companies to best meet their needs in a dynamic transportation marketplace."
"We are excited about the opportunity to participate in ATA's Featured Product Program. We look forward to joining a select group of companies dedicated to providing exceptional products and services to the trucking industry," said Rich Voreis, president and CEO of Marquette Transportation Finance.
Marquette Transportation Finance provides working capital loans up to $35 million to small and middle-market trucking companies throughout the U.S. The loans are secured by accounts receivable and are generally structured with a borrowing based component allowing trucking companies to borrow only when their cash flow needs warrant it.
Marquette Transportation Finance is an industry leader in providing flexible and responsive working capital financing to trucking companies. As an alternative source to traditional bank financing, Marquette assists businesses in meeting their working capital needs to drive growth, fund acquisitions, improve liquidity and fund restructures. Marquette routinely serves as a bridge lender until a trucking company is able to seek out traditional bank financing.
Marquette Transportation Finance, a subsidiary of UMB Bank, n.a., located in Bloomington, Minn., is a leading provider of accounts receivable financing solutions for the trucking industry, serving companies with annual revenue from $2 million to $400 million. Marquette assists trucking companies in meeting their working capital needs to drive growth, fund acquisitions, improve liquidity and fund restructures.