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Wintrust Commercial Finance Funds $10.5MM Dredging Deal

October 22, 2015, 07:06 AM
Filed Under: Marine

Wintrust Commercial Finance (WCF) recently provided a $10.5 million term loan to a dredging services company with operations along U.S. coastal waterways and the major U.S. river systems. The transaction is secured by towboats, barges and dump scows and the proceeds of the loan were used to refinance an existing credit facility.

Since its inception in April, WCF has approved more than $350 million in financings. WCF is an equipment-focused financing group, headquartered in Frisco, Texas, offering sophisticated loan and lease products to commercial companies throughout the United States and Canada. Focus industries include transportation, construction, manufacturing, energy services, healthcare and restaurant/franchise financing, among others. WCF is a business unit of Wintrust Financial Corporation.

Readers may also read the June 2015 featured article:
Wintrust Commercial Finance – Experienced, Entrepreneurial ... Ready for Business

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