Iron Horse Credit Provides a $3,500,000 Inventory Facility to a Cell Phone and Electronic Distributor
January 3, 2023
Source: Iron Horse Credit
Iron Horse Credit (“IHC”), a leading inventory lender, is pleased to announce the closing of a $3,500,000 inventory facility to a cell phone and electronic distributor the last week of December. The credit facility will provide the company with additional working capital to cover supplier payments and meet its growth projections.
The company, which has distribution agreements with known brands, primarily sells into the Latin American and U.S. markets. As the company continues to grow its distribution partnerships, it needed a tailored facility to cover its vendor payments and delivery timelines.
The company’s current A/R lender introduced IHC to the opportunity. Having worked previously with the A/R lender, IHC was able to close the transaction in approximately 3 weeks from engagement.
“It was great to fund this transaction right before the end of 2022,” said Cesar Silva, VP, Business Development for Iron Horse Credit. “It took a lot of joint effort between IHC, A/R lender and the company to be able to close this transaction during the end-of-the-year holidays.”
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.
