Iron Horse Credit closed a $1,000,000 stand-alone inventory revolving line of credit to a wholesaler of men designer shoes.
As an early-stage business, the company came to Iron Horse looking for an inventory heavy revolver to align with its growth projections. Having zero debt on the balance sheet, Iron Horse was able to provide full working capital facility to help purchase inventory for its growing demand.
“We love working with small businesses and being a part of their ultimate growth,” added Kristen Palmer, Business Development with IHC. “We were able to increase the initial loan offering and provide additional working capital to help drive sales.”