Wintrust Financial’s Wintrust Receivables Finance team provided a $4.5 million accounts receivable line of credit to a West Coast-based third-party logistics firm specializing in flatbed and dry van truckload transportation.
The facility was designed to provide the company with increased liquidity and greater flexibility compared to its prior traditional line of credit, which will allow management to pursue their long-term growth strategy.
“This line of credit will help provide the client access to liquidity and the flexibility they require to execute their long-term plans across multiple transportation industry cycles,” Jason LeuVoy, national head of originations at Wintrust Business Credit, said. “Wintrust Receivables Finance has a long track record of providing strategic, creative solutions to companies in the logistics industry.”
