Cross-Border Equipment Financing Supports Transportation Company Growth
Advisory Services
Funding Solutions
A Canadian transportation company with a growing U.S. presence secured an $11.9 million first draw from a $75 million equipment line of credit through Whitman Funding Solutions. The financing solution provided the flexibility needed to purchase trucks and support continued expansion across North America.
Challenge
This transportation company was rapidly expanding its operations across Canada and the United States and required significant capital to support ongoing truck purchases. While the business had strong operational demand, it needed a U.S.-based lender capable of structuring a flexible equipment financing solution that aligned with the company’s cross-border operations. The company’s Canadian consultant reached out to Whitman Advisory to help identify the right lending partner for the transaction.
Solution
Whitman Funding Solutions leveraged its network to introduce the company to a trusted equipment financing lender with experience supporting transportation and logistics businesses. The lender structured a large equipment lease line of credit totaling $75 million, allowing the company to access capital as equipment purchases were needed. The first draw totaled $11.9 million and provided immediate funding for truck acquisitions critical to supporting operational growth.
Outcome
With the new equipment line of credit in place, the company gained the financial flexibility needed to purchase trucks efficiently and scale operations across the U.S. and Canada. The financing structure positioned the transportation company to continue expanding while maintaining access to capital for future equipment needs.