Daily News: September 11, 2019

Wintrust Closes $10MM Facility for Logistics Firm

Wintrust Receivables Finance closed a $10 million credit facility for a logistics firm based in Chicago.

The firm was recognized in the 2018 Inc. 5000 as one of the fastest growing companies in the country. Due to its aggressive expansion, the company had outgrown its previous banking relationship and was looking for a bank that could support its future growth plans.

“With our home office in Chicago, and our senior management team’s 40 plus years of combined experience providing working capital financing to transportation and logistics firms, Wintrust Receivables Finance is uniquely positioned to support the transportation and logistics industry,” said John Marrinson, executive vice president of Wintrust Receivables Finance.