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Express Trade Capital Closes $6MM Factoring Facility for Menswear Importer

November 19, 2020, 07:00 AM
Filed Under: Apparel

A prominent menswear importer faced with rapidly growing sales was constrained by the limits of their existing bank facility. Express’s breath of knowledge in the apparel industry, specifically in menswear, allowed for a quick, seamless set up and transition from the client’s old facility. The client and Express knew each other from previous dealings which gave all parties more trust and allowed Express greater flexibility and speed to deliver ample, aggressive financing from Day 1.

The client understood that given current market conditions, the best way to receive credit protection while maximizing the flow of capital, was to take advantage of a private run factoring facility.  The client expects to leverage the facility to bolster working capital and purchase more product to fulfill orders.  While all parties worked together beautifully to complete the deal, we would like to recognize our Senior Vice President, Helen Ku in particular for her diligence, speed and professionalism. “When we see that a deal is right for all sides, we go out of our way and do everything we can to deliver the best custom solution fast,” said Helen.”

During these unprecedented times, it is imperative that consumer businesses are protected and have easy access to cash flow to continue business at optimal levels. Express Trade Capital specializes in Factoring, Letters of Credit, PO Funding, and Inventory backed lines of credit. With its freight forwarding division, Express also provides full service global and domestic shipping and logistics.

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