Wintrust Receivables Finance (WRF) has closed a $3 million line of credit for a transportation broker that is the result of a roll-up of three smaller logistics firms. The company offers dry van, flatbed, and LTL freight services to clients across multiple industries. The management team used a combination of debt to finance acquisitions but struggled to find working capital financing. The new line of credit will support the company's growth and acquisition plans. WRF also offers Treasury Management products and services. WRF's experience in financing logistics and transportation companies allowed them to understand and support the management team's roll-up strategy.
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