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Wintrust Commercial Finance Funds $10.6MM Trailer Financing

June 21, 2016, 07:19 AM
Filed Under: Trucking

Wintrust Commercial Finance, through one of its key syndication partners, recently closed a $10.6MM trailer lease with a national provider of leasing and logistics services to the transportation industry. The proceeds of the lease were used to finance the acquisition of equipment to service one of the company’s top fleet customers.

Since its inception in April of 2016, Wintrust has committed to more than $450 million in financings. WCF is an equipment-focused financing group, headquartered in Frisco, Texas, offering sophisticated loan and lease products to commercial companies in a variety of industries throughout the United States. WCF regularly invests in transactions in the $5 million to $30 million range with customers having B- to BB+ or comparable ratings.  WCF is a business unit of Wintrust Financial Corp.

Wintrust is a financial holding company with assets of approximately $24 billion and a common stock traded on the NASDAQ Global Select Market. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 150 banking locations in the greater Chicago, southern Wisconsin and northwest Indiana market areas. Additionally, the Company operates various non-bank business units including one of the largest commercial insurance premium finance companies operating in the United States and Canada; a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry; a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States; and companies providing wealth management services.

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