Wintrust Receivables Finance (WRF) closed a new $4,000,000 account receivable line of credit for a Southwestern based Logistics Company. The company was founded over two years ago by highly respected veterans of the freight tech industry, generating a modest amount of revenue while they developed their proprietary technology platform. With the tech now ready to go to market, the firm recently received its initial round of VC funding, and is embarking on a plan of aggressive growth while continuing to refine and improve their platform.  

Prior to growing the business, management wanted to have the support of a lender who would be able to quickly scale the level of working capital financing support.

According to Wintrust Receivables Finance Senior Vice President Jason LeuVoy, “We expect to see great things from this client in the years to come given the combination of the impressive management team, the technology platform, and the VC support.”  LeuVoy added “The WRF team has a long track record of financing earlier stage high-growth firms, and we think this transaction will make another excellent addition to our portfolio of transportation and logistics clients.”

In addition to the new line of credit the WRF team is also providing a full suite of Treasury Management products and services.