Wintrust Receivables Finance Announced Closing of a New $20 Million Line to Support Growing Third Party Logistics Provider

Wintrust Receivables Finance announced today the closing and funding of a $20 million credit facility for a third party logistics provider based in Chicago. The company, which was founded two years ago, has become one of the fastest growing enterprises in the U.S. logistics industry.

“Financing high-growth firms has become one of our trademarks,” said John Marrinson, executive vice president of Wintrust Receivables Finance. “We’re looking forward to playing a role in the success of another high-growth third party logistics provider.”

The new line provides aggressive advance rates, a flexible covenant-free structure, and is designed to increase in size as the company and its financing needs continue to grow.

“It has been incredible to watch the level of growth the company has achieved in such a short amount of time,” said Jason LeuVoy, senior vice president of Wintrust Receivables Finance. “We are excited to see where they’ll go with this new level of financial support behind them.”

About Wintrust

Wintrust is a financial holding company with assets of over $34 billion whose common stock is traded on the NASDAQ Global Select Market. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries, with over 170 banking locations located in the greater Chicago and southern Wisconsin market areas. Additionally, Wintrust operates various non-bank business units including business units which provide commercial and life insurance premium financing in the United States, a premium finance company operating in Canada, a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry, a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States, and companies providing wealth management services and qualified intermediary services for tax-deferred exchanges.

For more information, please contact:

Jason LeuVoy
Senior Vice President and National Head of Originations
Wintrust Receivables Finance     
312-837-1329
jleuvoy@wintrust.com