TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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June 14, 2021
Source: Cambridge Savings Bank
Iron Horse Credit (“IHC”), a leading stand-alone inventory lender, is pleased to announce the closing of a $6,500,000 stand-alone inventory revolving line of credit to a wine and spirit importer and distributor.
The client was introduced to Iron Horse Credit by a trusted partner who, in conjunction with IHC’s facility, provided the client with an A/R line of credit and a term loan. The proceeds of the facilities allowed the client to purchase the assets of an importer, distributor and wholesaler of wine and spirits, while providing additional working capital to support its growth.
“Bringing this transaction to a close was accomplished by our solution-driven approach and remarkable tenacity by our team” commented Cesar Silva, VP of Business Development. “We are excited to welcome this new relationship whose management team brings over 40 years of expertise in the wine and spirits industry.”
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.
