Patrick Lumber Company, a lumber exporter and secondary manufacturer, closed on a $20 million asset-based credit line from U.S. Bank to support its growth and provide working capital.

Portland, OR-based Patrick Lumber sells niche high-grade softwood products to distributors throughout the world in truckload, container and railcar volumes. The firm’s subsidiary, Wood Source, sells to residential and commercial contractors in the greater Denver metro area.

“Patrick Lumber over the years has shown a thoughtful approach to growth – both domestically and abroad – centered on their commitment to quality products and customer service,” said Sam Philbrick, president of U.S. Bank Asset Based Finance.