ARLINGTON, Va., Feb. 24, 2017 /PRNewswire-USNewswire/ -- Today, American Trucking Associations announced Marquette Transportation Finance, an industry leader in providing working capital financing to trucking companies, is a Featured Product provider for the second year in a row.
"Businesses have to invest in themselves in order to grow, but oftentimes gaining access to capital can be a challenge when looking to expand operations," said ATA President and CEO Chris Spear. "The Marquette Transportation Finance team works alongside trucking companies to best meet their needs in a competitive transportation sector."
"We are excited to again participate in ATA's Featured Product Program. We are pleased to be part of this select group of companies dedicated to providing exceptional products and services in the trucking industry for the second year in a row," 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 required by their cash flow.
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.
To learn more about Marquette Transportation Finance's services and products, visit www.marquette.com/transportation or call 952-703-7474.
A complete list of ATA Featured Product companies is available at www.atabusinesssolutions.com or by calling 866-821-3468.
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. UMB Bank, n.a., is a subsidiary of UMB Financial Corporation (Nasdaq: UMBF) a diversified financial holding company headquartered in Kansas City, Mo. For more information, visit marquette.com/transportation, umb.com, umbfinancial.com, blog.umb.com or follow us on Twitter at @UMBBank, Facebook and LinkedIn.
American Trucking Associations is the largest national trade association for the trucking industry. Through a federation of 50 affiliated state trucking associations and industry-related conferences and councils, ATA is the voice of the industry America depends on most to move our nation's freight. Follow ATA on Twitter or on Facebook. Trucking Moves America Forward.
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SOURCE American Trucking Associations