Iron Horse Credit closed a $1.5 million standalone inventory revolving line of credit to a wholesale distributor of tile and natural stones. The company has a reputable name dating back over a century and offers a one-stop point for both domestic and imported products.
As the company projected rapid growth through footprint expansion, Iron Horse Credit provided an inventory-backed facility. Iron Horse Credit partnered with an accounts receivable lender to provide the company with the necessary structure.
“We are pleased to welcome this new relationship and be a part of the company’s growth,” Cesar Silva, vice president of business development at Iron Horse Credit, said. “We look forward to working with the client as they continue to expand.”