Iron Horse Credit (IHC) closed a $5 million asset-based lending facility to an importer and distributor of cayenne pepper mash, a widely utilized base ingredient in the production of hot sauces.

“Our client’s story and needs were not only unique, but by endeavoring to understand this industry from the sowing of seeds, to open field planting, and the subsequent fermentation, storage and distribution processes, we developed a solution that truly aligned with the company’s requirements and seasonality,” said Neil Wolfe, CEO of Iron Horse Credit.  “Our discipline and expertise afford us the ability to facilitate end-to-end solutions to optimize liquidity management.  We see tremendous opportunity to partner with niche businesses whose needs lie beyond conventional credit structures.”