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Brookridge Funding Closes Six Transactions Totaling $2.85MM

October 08, 2013, 07:49 AM

Brookridge Funding announced the completion of $2.85 million in funding facilities for six new clients. The clients were introduced to Brookridge by their factors or asset-based lenders and include:

  • $1,000,000 for a NV importer of electrical equipment;
  • $600,000 for a CA reseller of electronic components;
  • $500,000 for a NY importer of women’s clothing;
  • $300,000 for a NY importer of women’s clothing;
  • $250,000 for a MA government reseller of medical equipment;
  • $200,000 for a FL importer of sporting goods accessories.

Brookridge provides Letters of Credit for its clients purchasing pre-sold inventory from foreign vendors and wires for its clients with domestic suppliers, providing safeguards for the successful completion of their P.O. transactions.  Brookridge provides Purchase Order funding starting at $100,000, and works with existing senior lenders and/or factors in place.


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