Wintrust Receivables Finance funded a $4 million credit facility for a transportation broker based in Illinois.
The company, which was founded less than three years ago, has shown consistent growth since its inception. The management team, comprised of logistics industry veterans, knew the company’s traditional commercial bank line of credit would not be sufficient to fund its growth goals, so they turned to Wintrust Receivables Finance for help.
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“We’re happy to welcome this client to the portfolio,” said Jason LeuVoy, senior vice president of Wintrust Receivables Finance. “The new line is more than eight times the size of the company’s previous traditional commercial bank line of credit. With this new level of working capital support, their management team can be confident they have the financial backing they need to execute their growth plans.”
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Wintrust operates 15 community bank subsidiaries with more than 170 banking locations located in the greater Chicago and southern Wisconsin market areas.
