Wintrust Receivables Finance closed a $4.75 million accounts receivable line of credit for a Southeast-based manufacturer and distributor of natural pet food.
Wintrust Receivables Finance closed a new $20 million accounts receivable line of credit for a temporary staffing firm based in the Great Lakes region of the U.S.
Wintrust Bank congratulated MoLo Solutions on its sale to ArcBest, a national provider of supply chain logistics. MoLo Solutions is a Chicago-based truckload broker founded in 2017.
Wintrust expanded its asset-based lending group, Wintrust Business Credit, with the addition of a specialized team focused on accounts receivable financing. National Head of Originations Jason LeuVoy and Group Head John Marrinson will lead the new team.