Iron Horse Credit (“IHC”) closed a $4,000,000 stand-alone inventory revolving line of credit to a fleet parts manufacturer, sister company to a forging manufacturer currently being financed by IHC.
Given the lending relationship with its sister company, IHC was able to provide additional working capital after paying off the incumbent lender who was restricting their availability. With IHC’s tailored financing structure, the company will be able to focus on its growth.
“We are happy to provide a more competitive financing solution to this company. We also expect to continue to help the parent company on future acquisitions.”