“Patrick Lumber over the years has shown a thoughtful approach to growth – both domestically and abroad – centered on their commitment to quality products and customer service,” said Sam Philbrick, president of U.S. Bank Asset Based Finance.
U.S. Bank is financing Patrick Lumber is in the form of an asset-based credit line, through its U.S. Bank Asset Based Finance. The financier says this is one of the nation’s leading asset-based lenders providing financing for middle-market and large cap companies in a wide range of industries, such as lumber and building supplies, in the United States and Canada. The financing supports working capital, growth, acquisitions and turnarounds.
Founded in 1915, Portland, OR-based Patrick Lumber sells niche high-grade softwood products to distributors throughout the world in truckload, container, and railcar volumes.
