FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Iron Horse Credit Provides $3.5MM Inventory Facility to Cell Phone and Electronic Distributor

January 04, 2023, 07:49 AM
Filed Under: Distribution

Iron Horse Credit (“IHC”), closed a $3,500,000 inventory facility to a cell phone and electronic distributor the last week of December. The credit facility will provide the company with additional working capital to cover supplier payments and meet its growth projections.

The company, which has distribution agreements with known brands, primarily sells into the Latin American and U.S. markets. As the company continues to grow its distribution partnerships, it needed a tailored facility to cover its vendor payments and delivery timelines.

The company’s current A/R lender introduced IHC to the opportunity. Having worked previously with the A/R lender, IHC was able to close the transaction in approximately 3 weeks from engagement.

“It was great to fund this transaction right before the end of 2022,” said Cesar Silva, VP, Business Development for Iron Horse Credit. “It took a lot of joint effort between IHC, A/R lender and the company to be able to close this transaction during the end-of-the-year holidays.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.