Iron Horse Credit closed a $1 million standalone inventory revolving line of credit for a wholesaler of designer shoes.
As an early-stage business, the company came to Iron Horse Credit looking for an inventory-heavy revolver to align with its growth projections. Because the company had no debt on itst balance sheet, Iron Horse Credit was able to provide a full working capital facility to help purchase inventory.
“We love working with small businesses and being a part of their ultimate growth,” Kristen Palmer, a business development officer with Iron Horse Credit, said. “We were able to increase the initial loan offering and provide additional working capital to help drive sales.”
