Iron Horse Credit Provides $3.5MM Inventory LOC to Nutritional Supplement Retailer

Iron Horse Credit closed a $3.5 million standalone inventory revolving line of credit to an online wellness and nutritional supplements retailer.

The company is actively expanding its product offerings. Iron Horse Credit was introduced to the company by its current asset-based lender. With the intent to maximize the company’s working capital, Iron Horse Credit refinanced the current lender’s inventory exposure, generating additional availability. The client’s current lender maintained its accounts receivable facility and the company benefited from a joint facility with no suppressed availability due to any inventory-to-accounts receivable restrictions. The additional working capital will allow the company to continue investing in research and development to roll out new product lines.