Iron Horse Credit Closes a $3 Million Inventory Line of Credit to a Manufacturer and Distributor of Agricultural Equipment and Parts

Iron Horse Credit (“IHC”), a leading stand-alone inventory lender, is pleased to announce the closing of a $3,000,000 stand-alone inventory revolving line of credit to a leading manufacturer and distributor of agricultural equipment, parts, and supplies.

The client was introduced to Iron Horse Credit by a referral partner who trusted IHC’s ability to execute and understand the complexity of the transaction. The company is a family-owned business with over 40 years in the space. The company has established itself as one of the most recognizable brand names within the industry with a reputation for producing quality and innovative equipment. 

After investing in product expansion, the company experienced a decline in sales primarily driven by the sector’s economic decline. The company was successful at reducing excess capacity and overhead to increase profitability but were ultimately forced to file for bankruptcy protection by their former lender. After the company exited bankruptcy through DIP finance, IHC was engaged to replace its current facility to a more traditional revolving line of credit. IHC’s inventory facility not only reduced the company’s high interest expense but also provided additional working capital to support its operations.

“We are happy to have helped this family-owned business through one of their most challenging times in its 40-year history,” Commented Cesar Silva, VP of Business Development. “We look forward to a successful partnership and seeing the company succeed.”

About Iron Horse Credit

Iron Horse Credit LLC is a stand-alone inventory lender providing tailored revolving lines of credit to companies selling B2B and D2C. Our facilities range from $500k to $15MM backed only by inventory located in the US, in-transit to the US and Canada. Iron Horse prides itself in partnering with A/R Lenders and Factoring companies to provide their clients with additional liquidity backed by inventory in combination with their current facility without any AR-to-inventory ratio restrictions.

For more information about our stand-alone inventory program, you may contact us at 201-696-9011 or info@ironhorsecredit.com.