Iron Horse Credit Provides $2MM Inventory Line of Credit to CBD Wellness Retailer

Iron Horse Credit, IHC, an inventory lender, provided a $2 million stand-alone inventory revolving line of credit to a CBD wellness retailer. The company’s online presence has been rapidly growing since 2017 and most recently, embarking on wholesale distribution.  Facing federal regulations and difficulties obtaining traditional banking relationships, the company was referred to IHC through a preferred lender’s network. 

IHC understood the company’s growth projections and provided the necessary liquidity to ramp up inventory procurement. With the tailored solution provided by IHC in conjunction with a preferred A/R partner, the company is well positioned to meet its growth targets.

“It is great to work through a preferred lender’s network.  We look forward to helping the company reach its growth potential,” Kristen Palmer, business development officer at Iron Horse Credit, said. “All parties have been a pleasure to work with, everyone worked hard to get this across the line as diligently as possible.”