Wintrust Receivables Finance Announces the closing of a new $4,500,000 Line of Credit for a Fast-growing Managed Transportation Company

Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $4,500,000 account receivable line of credit for a fast growing Managed Transportation Company. The east coast based firm specializes in managing the in-bound and out-bound freight for a number of middle market manufactures, and distributers around the country.

In the past 12 months, they’ve grown revenues by nearly 400% and needed a larger and more flexible line of credit to support their continued growth.  The availability provided by the WRF line of credit will allow the company to continue their growth trajectory without having to raise outside capital and dilute the current ownership team.  In addition to significantly increasing the size of the company’s working capital line of credit, WRF is also providing a full suite of Treasury Management products and services.

“The growth this team has achieved over the last year has been amazing. We feel it shows the value the company is providing to the market by using advanced analytics and data to maximize their client’s freight spend,” says Jason LeuVoy, Wintrust Receivables Finance Senior Vice President. “This transaction will make an excellent addition to our growing portfolio of transportation and logistics clients. We believe that our flexible and aggressively structured line of credit will give the management team the financial support they need to continue their growth.”

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.