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Wintrust Receivables Finance Closes New $20MM Line for Third Party Logistics Provider

October 30, 2019, 08:40 AM
Filed Under: Logistics

Wintrust Receivables Finance announced the closing and funding of a $20 million credit facility for a third-party logistics provider based in Chicago. The company, which was founded two years ago, has become one of the fastest growing enterprises in the U.S. logistics industry.

“Financing high-growth firms has become one of our trademarks,” said John Marrinson, Executive Vice President of Wintrust Receivables Finance. “We’re looking forward to playing a role in the success of another high-growth third party logistics provider.”

The new line provides aggressive advance rates, a flexible covenant-free structure and is designed to increase in size as the company and its financing needs continue to grow.

“It has been incredible to watch the level of growth the company has achieved in such a short amount of time,” said Jason LeuVoy, Senior Vice President of Wintrust Receivables Finance. “We are excited to see where they’ll go with this new level of financial support behind them.”

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