Wintrust Receivables Finance Closes on a new $4,000,000 Line of Credit for a Fast-growing Transportation Broker

Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $4,000,000 account receivable line of credit for a Midwest based transportation broker.  The company was founded in mid-2020 by multiple veterans of the domestic freight industry and focuses on Full Truckload freight for companies across the country.  Although they are still in the early stages, the company expects to generate nearly $40MM of revenue during the 2022 Fiscal year. 

The company experienced exponential growth in mid-2021 and was in need of a banking partner who had expertise financing companies in the transportation industry, and comfortable supporting their continued growth. The new $4,000,000 line will be the firm’s first line of credit and will allow them to further accelerate their growth with the additional working capital support. In addition to the new line of credit, the WRF team is also providing a full suite of treasury management products and services.

“The amount of top line revenue the company has been able to generate in a relatively short time in business has impressed our team. We believe it demonstrates a high level of business development skill, but also the ability to deliver a high level of service to the market,” says Wintrust Receivables Finance Senior Vice President Jason LeuVoy. He added “the WRF team has a long track record of financing earlier stage companies, and we think this transaction will make another excellent addition to our portfolio of transportation and logistics clients.”

For more information please contact Jason LeuVoy at 312-550-3056 or jleuvoy@wintrust.com

About Wintrust Receivables Finance

Wintrust Receivables Finance provides aggressively structured working capital lines of credit from $1 million to $50 million for middle-market companies around the country that are unable to obtain the level of financing they need through a more traditional commercial bank underwriting.

About Wintrust

Wintrust is a financial holding company with assets of over $50 billion whose common stock is traded on the NASDAQ Global Select Market under the symbol WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while providing service-based community banking to every customer. Wintrust operates fifteen community bank subsidiaries, with over 171 banking locations located in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units.