Iron Horse Credit closed a $1 million standalone inventory revolving line of credit for an eyewear distributor.
With more than 30 years of experience in the eyewear industry, the client provides both branded and non-branded eyewear products and has experienced increased demand over the last 12 months.
Introduced to Iron Horse Credit by an accounts receivable partner, the company needed an inventory line of credit for both on-hand and in-transit inventory. Proceeds of the facility will allow the company to continue procurement of inventory to support ongoing demand.
“We are thrilled to welcome this growing company, led by an industry veteran, to Iron Horse Credit,” Cesar Silva, vice president of business development at Iron Horse Credit, said. “We look forward to providing the company with the capital needed to propel its growth.”