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Wintrust BC Closes $7MM ABL Line of Credit Supporting Acquisition of Leading Seafood Distributor
Wednesday, September 20, 2023

Lenders/Participants Wintrust Business Finance [Lender]
Structure Asset-Based Line of Credit
Amount $7.000 Million
Borrower(s) Undisclosed
Description To support the acquisition of a Minnesota-based distributor of fresh and frozen seafood. The WBC line was used to close the initial acquisition and will be used to fund the company’s ongoing working capital needs. In addition to the new line of credit, the WBC team is also providing a full suite of Treasury Management products and services.
Industry Distribution
Location MN
Related Tags Wintrust Business Credit