Iron Horse Credit (IHC), an inventory lender, closed a $2 million stand-alone inventory revolving line of credit to a CBD wellness retailer. The company’s online presence has been rapidly growing since 2017 and most recently, embarking on wholesale distribution. Facing federal regulations and difficulties obtaining traditional banking relationships, the company was referred to IHC through a preferred lender’s network.
IHC understood the company’s growth projections and provided the necessary liquidity to ramp up inventory procurement. With the tailored solution provided by IHC in conjunction with a preferred A/R partner, the company is well positioned to meet its growth targets.