Iron Horse Credit closed a $4 million standalone inventory revolving line of credit to a manufacturer and developer of advanced alloys with a focus on specialty copper alloys and high-performance beryllium aluminum castings.
The client was introduced to Iron Horse Credit by a partner who, in conjunction with Iron Horse Credit’s inventory facility, provided the client with an accounts receivable line of credit for an aggregate facility of $8 million.
The proceeds of the facilities allowed the client to pay its prior lender and provided additional working capital to help with the consolidation of its manufacturing plant and to support its growth.
“We are pleased to welcome this new relationship and support the company to take on additional business,” Cesar Silva, vice president of business development at Iron Horse Credit, said. “The company needed a trusted financial partner that could execute quickly and provide the flexibility needed for their continued growth. We look forward to seeing the company succeed.”
