Iron Horse Credit partnered with a well-known brand in the sports accessories industry selling in the U.S. and Canada.
Due to the current market conditions and its impact in the retail space, the company shifted its focus to its e-commerce business. The incumbent asset-based lender reduced the line of credit as the company’s inventory exposure exceeded its accounts receivable balance. Through a referral, Iron Horse Credit partnered with a trusted accounts receivable lender to provide the company with the working capital solution it needed without any AR-to-inventory restrictions.
The proceeds from the revolving stand-alone inventory line of credit will help the company acquire additional inventory for its upcoming peak season and will provide additional working capital to cover operating expenses.
Iron Horse Credit is a specialty finance company providing stand-alone Inventory revolving lines of credit to small and medium-sized companies.