Iron Horse Credit closed a $5 million stand-alone inventory facility for an electronic goods wholesaler.

The client needed to exit its bank relationship due to a decline in sales over the last few years. Iron Horse received an introduction through a referral relationship and was able to provide the clients with a revolving inventory facility to help it navigate through organization changes and implementation of an improved business model.

The proceeds from the revolver helped the client pay off its debt with the bank and obtain additional working capital to cover operating expenses and increase overall output.