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Express Trade Capital Delivers $1.25MM Combo Facility to Knockout Cashflow Gap for Loungewear Company

March 03, 2021, 06:00 AM
Filed Under: Apparel

The client is a Hawaiian based loungewear company. With the unprecedented explosion of people working from home precipitated by the pandemic, workers are retiring their suits for something more comfortable to weather uncomfortable times.  While many in the apparel industry experienced drastic reductions in sales volume, the popular shift to loungewear has increased sales for at least this small segment of apparel wholesalers, including some others in similar categories like athletic apparel and gear.  
The sudden increase in consumer demand for loungewear specifically bolstered sales for our client who added more accounts and received larger orders in 2020 than ever before. The client kept up with the increase by bootstrapping their own funds until they hit a wall on their capacity to grow further without outside capital.  Casual but professional, Express breezily strolled in and relaxed their cashflow wrinkles by creating two facilities to help pay suppliers while smoothing gaps in working capital.  By employing a $1MM A/R Financing Facility and $250K P.O Funding Facility, Express created the cushion the client needed to set down their financial worries to focus on delivering more comfort and quality products to their pandemic weary clients.

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