Bluejay Advisors Secures $6.1 million credit facility for Expedited Logistics Solutions

Bluejay Advisors is pleased to announce that TAB Bank has provided a $6.1 million asset-based credit facility for a ELS ,a  flatbed trucking company specializing in moving steel, construction materials, and heavy equipment. The $6.1 million credit facility will be utilized for fleet expansion and working capital to help fund organic growth.

The financing structure provided a favorable combination of the flexibility afforded by a  factoring line of credit and a structured asset-based lending facility.