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Crossroads Financial Provides $1MM to Sports Apparel Manufacturer

September 02, 2014, 07:31 AM
Filed Under: Apparel

Crossroads Financial announced that is has provided a sports apparel manufacturer and wholesaler with a $1 million inventory revolving financing facility.  The manufacturer, experiencing increasing sales and opening new channels, entered into a relationship with a factor who created liquidity for the company through an Accounts Receivable Factoring Facility.   The factor, not wanting to advance on Inventory, contacted Crossroads to partner with them and provide a stand-alone Inventory Revolver to assist with Inventory purchases and provide financing against Inventory-in-transit.

“Crossroads is able to provide value for any receivable lender or factor not willing to advance on Inventory” described Lee Haskin, CEO of Crossroads.  “We create the ‘Cure For the Common Over-Advance’ for our factoring and receivable lending partners.” 

Since 2004, Crossroads Financial has funded almost $100 million to clients, facilitating approximately $1.0 billion in receivable funding, and has become the partner of choice for marketing-leading factors and receivables lenders.

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