Iron Horse Credit Closes a $3 Million Inventory Line of Credit to a Safety Product Distributor

Iron Horse Credit (“IHC”), a leading stand-alone inventory lender, is pleased to announce the closing of a $3,000,000 stand-alone inventory revolving line of credit to a leading safety product distributor.

Experiencing exponential growth prior and throughout the ever-changing environment arising from the pandemic, the client was in need of working capital from a lender that could facilitate its rapid growth.  The client was introduced to Iron Horse Credit by a long-standing referral partner who trusted IHC’s ability to execute complex inventory-only facilities.

Run by two entrepreneurs with history in the safety production industry include manufacturing, sales and distribution, the company was well aligned for a record revenue year for upwards of $60MM and later acquired by a public company in early 2021. 

Due to the company’s exponential growth, it opted for high interest rate cash flow loans while settling into these new growing pains. Iron Horse Credit was able to replace the current high-interest rate cash flow loans with a more traditional revolving line of credit that will assist the company to grow and provide continual support in its operations. 

“It was interesting to get this transaction across the line.  As we all know, there are many companies out there taking opportunistic approaches and unfortunately not every company succeeds,” said Kristen Palmer, Business Development for Iron Horse Credit. ‘20 years of combined management experience in the sourcing and distribution of safety products, coupled with the backing of its public parent company, provided IHC with the comfort needed to help the client continue to supply safety products to various hospitals, hotels, and other large service industry providers. We are happy to participate in the client’s success.”

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.