A $500,000 accounts receivable finance facility will serve as a vital resource for our new client as they navigate the complexities of manufacturing and importing apparel in today’s changeable landscape. As a new-start business, this infusion of working capital will enable the client to pay vendors in Mexico and fulfill their growing order book.
VP of Business Development, Kevin Yoon expressed enthusiasm for the new partnership, stating,
“We are delighted to support this growing new business in their pursuit of growth and success. Our mission is to help our entrepreneurs achieve their hopes and dreams and I believe with our funding, they will be able to do this.”
The deal is testament to the resilience and adaptability of businesses in leveraging innovative financial solutions to overcome challenges and achieve sustainable growth.
The Up and Up of North American Smart Manufacturing
Since the turn of the century, manufacturing has evolved greatly. As new, advanced technologies drive the industry forward, manufacturing is…
Read More
Succession Planning – or Lack Thereof = Risk!
Succession Planning – or Lack Thereof = Risk! By Emma Hart Risk mitigation in our industry is, quite rightly, primarily…
Read More
What is Factoring?
Here we explain what exactly factoring is and how we can help your cash flow…
View Now