Iron Horse Credit closed a $6.5 million stand-alone inventory revolving line of credit for an iron foundry and manufacturer. Iron Horse Credit, together with an accounts receivable partner, paid the foundry’s incumbent bank and offered the company additional working capital.
Iron Horse Credit closed a $3 million standalone inventory revolving line of credit to a safety products distributor.
Iron Horse Credit hired Kristen Palmer as a business development officer. In her role, Palmer will be responsible for identifying new territories and partnership channels and building new client relationships.
Black Olive added Kristen Palmer as vice president of underwriting. Palmer has served as an operation specialist, lead underwriter and business development officer for several boutique lenders in the industry.