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Wintrust Receivables Finance Closes $10MM Credit Facility for Growing Logistics Firm

September 11, 2019, 08:00 AM
Filed Under: Logistics

Wintrust Receivables Finance announced the closing and funding of a $10 million credit facility for a logistics firm based in Chicago. The firm was recognized in the 2018 Inc. 5000 as one of the fastest growing companies in the country. Due to its aggressive expansion, the company had outgrown its previous banking relationship and was looking for a bank that could support its future growth plans.

“With our home office in Chicago, and our senior management team’s 40 plus years of combined experience providing working capital financing to transportation and logistics firms, Wintrust Receivables Finance is uniquely positioned to support the transportation and logistics industry,” said John Marrinson, executive vice president of Wintrust Receivables Finance. “This client’s focus on leveraging technology to create operational efficiencies really sets it apart from others in the industry. We look forward to partnering with the team and helping them achieve their growth and business objectives.”

Jason LeuVoy, senior vice president of Wintrust Receivables Finance, said, “We are happy to welcome this new client to the portfolio. The company’s senior management has laid a solid foundation for growth, and we are excited to see what they can achieve over the coming years.”

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