Frisco, TX – October 5, 2015 – Wintrust Commercial Finance (WCF) recently provided $10 million of tractor, tank truck and tank trailer financing to a major provider of logistics services, and fuel and lubricant delivery, serving a wide variety of industries. The proceeds of the loan were used to pay off an existing equipment lease and reduce the company’s exposure under its revolving credit agreement.
Since its inception in April, Wintrust has committed to more than $350 million in financings. WCF is an equipment-focused financing group, headquartered in Frisco, Texas, offering sophisticated loan and lease products to commercial companies in a variety of industries throughout the United States and Canada. WCF is a business unit of Wintrust Financial.
About Wintrust Wintrust is a financial holding company with assets of approximately $21 billion and a common stock traded on the NASDAQ Global Select Market. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 150 banking locations in the greater Chicago, southern Wisconsin and northwest Indiana market areas. Additionally, the Company operates various non-bank business units including one of the largest commercial insurance premium finance companies operating in the United States and Canada; a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry; a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States; and companies providing wealth management services.
For more information contact: Thomas G. Forbes, Senior Vice President, Capital Markets – Wintrust Commercial Finance 469-777-5649