Pathward Lends $15 Million to Transportation Parts Distributor to Provide Working Capital
December 19, 2024
Source: Pathward®, N.A.
TROY, MICH. – Dec. 19, 2024 – The Commercial Finance division of Pathward®, N.A., today announced a $15 million asset-based revolving line of credit to a transportation parts distributor headquartered in Virginia. The company needed a lender that could provide an increase in liquidity and stability, as they continue to grow.
Pathward’s Commercial Finance products include working capital, equipment financing and structured financing, which includes conventional and government-guaranteed lending. With representatives across the country and a Canadian foreign representative office, Pathward helps industries nationwide such as transportation, manufacturing, staffing, alternative energy, and technology.
About Pathward®
Pathward®, N.A., a national bank, is a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH). Pathward is a U.S.-based financial empowerment company driven by its purpose to power financial inclusion. Pathward strives to increase financial availability, choice and opportunity across our Partner Solutions and Commercial Finance business lines. The strategic business lines provide end-to-end support to individuals and businesses. Learn more at Pathward.com.
Media contact:
Courtney Heidelberg
605.291.7044
mediarelations@pathward.com