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Wintrust Receivables Finance Closes $4MM Line for Transportation Broker

October 16, 2019, 07:10 AM

Wintrust Receivables Finance announced the closing and funding of 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.

“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.”

“We were immediately impressed by their management’s knowledge of the logistics industry,” said John Marrinson, Executive Vice President of Wintrust Receivables Finance. “We are looking forward to partnering with them to help them achieve their business goals.”

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