Iron Horse Credit Provides a $6.5 Million Inventory Line of Credit to an Iron Foundry and Manufacturer

Iron Horse Credit (“IHC”), a leading inventory lender, is pleased to announce the closing of a $6,500,000 stand-alone inventory revolving line of credit to an iron foundry and manufacturer.

After separating from its parent company, and anxious to attain their projected potential, the company’s new owner approached IHC seeking a revolving line of credit backed by inventory.  As one of the largest foundries and manufacturers in the United States, the company is well placed in both the automotive and green iron industries. 

IHC, together with a trusted A/R partner, paid the incumbent bank and offered the company with additional working capital needed to recognize its anticipated growth. 

“Very excited to bring on such strong borrower to our portfolio. We look forward to working alongside the company and its management team as they continue to seek strategic acquisitions to expand its footprint,” commented Kristen Palmer, Business Development Officer. “This will be a long-term relationship we are excited to develop.”

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.