Wintrust Receivables Finance closed a $20 million credit facility for a third-party logistics provider based in Chicago.
The company, which was founded two years ago, has become one of the fastest growing enterprises in the U.S. logistics industry.
“Financing high-growth firms has become one of our trademarks,” said John Marrinson, executive vice president of Wintrust Receivables Finance. “We’re looking forward to playing a role in the success of another high-growth third party logistics provider.”
The new line provides aggressive advance rates, a flexible covenant-free structure, and is designed to increase in size as the company and its financing needs continue to grow.