Wintrust Receivables Finance closed a new $4.7 million accounts receivable line of credit for a logistics company that specializes in providing refrigerated freight for the food and beverage industry. This transaction will provide the company with a larger line of credit to support growth plans in 2021.
Wintrust Receivables Finance closed a $5 million accounts receivable-based line of credit for a Midwest-based provider of expedited freight and transportation.
Wintrust Receivables Finance, part of Wintrust Business Credit, closed a new $1.5 million accounts receivable-based line of credit for a Chicago area distributor of neuroscience medications.
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.