Iron Horse Credit (IHC), a commercial finance company, closed a $4.9 million inventory line of credit to a technology company in advanced manufacturing addressing rare earth material challenges and related customized solutions, including polymer materials and production.
“Our facility enabled the client to capitalize on the acquisition of certain assets part of a multi-divisional bankruptcy sale of a larger enterprise. Included in the assets was technology critical to onshoring trends in the additive manufacturing and printing equipment industry,” Neil Wolfe, CEO of IHC, said. “What’s more is we structured the facility uniquely such that the client could take advantage of matching funds programs sponsored through the State of New Jersey with exceptionally favorable terms.”
