Wintrust Receivables Finance Closes a new $15,000,000 Line of Credit for a Fast-growing Transportation Broker

Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $15,000,000 account receivable line of credit for a Midwest based transportation broker.  The company focuses on full truckload freight for companies in the food and beverage vertical.  The company’s customer list includes multiple fortune 500 firms.  They have experienced over 50% growth in revenue during 2021 and are projecting to nearly double revenue during 2022. 

The company was concerned that their incumbent bank would not have the ability to provide the level of working capital support they would need to execute their 2022 plan.  The new $15,000,000 line is more than double what the previous bank was able to provide.  With the larger WRF line in place, their management team feels they have access to the working capital they need through 2022 and beyond.  In addition to the new line of credit, the WRF team is also providing a full suite of treasury management products and services.

“We have been impressed with how this company has been able to grow their revenue year over year with their fortune 500 client base,” says Wintrust Receivable Finance Senior Vice President Jason LeuVoy. “This level of organic growth with these enterprise shippers demonstrates the high level of service they are providing to the market place. The WRF team has a long track record of financing high-growth firms, and we think this transaction will make another excellent addition to our portfolio of transportation and logistics clients,” he added.

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.