When Tallgrass Freight was looking for a long-term financial partner to help achieve its aggressive growth plans, it turned to Kendall Bank.
“We wanted to work with someone who was reliable and understood our company’s distinct needs and goals,” said David Barnes, COO & Co-Owner of Tallgrass Freight. “We knew that a high level of service and open communication would be essential to our growth going forward, and Kendall Bank offered that in abundance.”
Based in Kansas City, with sales teams in 37 states, Tallgrass Freight is a freight brokerage service serving small and mid-sized manufacturers throughout the U.S. and Canada. To bolster cashflow and enable continued growth, the company reached out to Kendall Bank to secure a working capital line of credit.
“With such a significant volume of incoming and outgoing deposits, we really had to think outside the box on the treasury management piece,” said Tim Barron, President of Kendall Bank. “By working together to understand the situation and specific needs, we were pleased to find a solution that has helped them significantly increase market share.”
With the line of credit, Tallgrass has been able to nearly double revenue from 2020, with an increase of nearly 300% from 2019. This growth has led to the company being ranked #34 in Inc. magazine’s list of the Midwest’s Fastest-Growing Private Companies.
“When you gain momentum with your company, it is incredibly important to have a banking partner that will stand with you and provide the support necessary to continue growing your business,” said Barnes. “The team at Kendall Bank does business the right way and has given us confidence in knowing we have a true financial partner in our corner.”
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