Iron Horse Credit (“IHC”) closed a $2,00,000 RLOC to a truck, trailer, and hitch distributor.

The company came to Iron Horse looking for first-time financing when the son was looking to buy out his father for retirement and bring suppliers current after the post pandemic slowdown. While providing an inventory-heavy revolving line of credit, IHC was able to assist this family with its goal as well as provide additional working capital to align with their growth.

“I am proud to work with this kind of client with such a heart-warming story. Happy to have helped not only the father retire and make sure the company stays in the family for next generations to take over but also proving additional capital to align with its projected growth.”