Iron Horse Credit Provides $1MM Stand-Alone Inventory Facility to E-Commerce Retailer

Iron Horse Credit partnered with a well-known brand in the sports accessories industry selling in the U.S. and Canada._x000D_
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Due to the current market conditions and its impact in the retail space, the company shifted its focus to its e-commerce business. The incumbent asset-based lender reduced the line of credit as the company’s inventory exposure exceeded its accounts receivable balance. Through a referral, Iron Horse Credit partnered with a trusted accounts receivable lender to provide the company with the working capital solution it needed without any AR-to-inventory restrictions._x000D_
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The proceeds from the revolving stand-alone inventory line of credit will help the company acquire additional inventory for its upcoming peak season and will provide additional working capital to cover operating expenses._x000D_
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Iron Horse Credit is a specialty finance company providing stand-alone Inventory revolving lines of credit to small and medium-sized companies.