The startup provides asset-backed financing services tailored for small, minority, and women-owned businesses, offering solutions such as accounts receivable and inventory financing. By delivering customized loan sizes and repayment terms, the company addresses the limited access to capital that these businesses often face.
Funding
$45M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small and medium-sized businesses (SMBs) often face challenges in accessing sufficient working capital due to stringent lending criteria and limited collateral. This restricted access can hinder their ability to manage cash flow, fulfill large orders, and invest in growth opportunities.
Solution
Iron Horse Credit provides asset-based lending solutions, including stand-alone inventory finance, purchase order (PO) finance, and accounts receivable financing, designed to improve SMBs' access to working capital. By leveraging assets such as inventory, purchase orders, and accounts receivable, Iron Horse Credit offers revolving lines of credit ranging from $500K to $15MM with flexible terms. These tailored facilities enable businesses to manage their working capital needs, pay suppliers promptly, and capitalize on growth opportunities without hidden fees or long-term commitments. Iron Horse Credit partners with accounts receivable lenders to maximize liquidity by leveraging inventory in combination with current facilities.
Target Audience
Iron Horse Credit serves small and medium-sized businesses (SMBs) across various industries, including e-commerce, retail, consumer goods, manufacturing, and food & beverage, operating in the United States and Canada.
Features
- Stand-alone inventory finance: Revolving lines of credit secured by existing inventory.
- Purchase order finance: Advances up to 100% of verified PO value to pay suppliers upfront.
- Asset-based lending: Credit lines secured by a range of assets, including accounts receivable, inventory, and equipment.
- Tailored loan facilities: Loan sizes, maturity, and repayment terms customized to meet specific business needs.
- Revolving lines of credit: Interest-only payment options available.
- Quick turnaround: Financing solutions provided as fast as 24 hours after preliminary documents are submitted.
- Transparent pricing: Competitive rates with all costs disclosed upfront, with no management or service fees.