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Brookridge Funding Announces $1.4MM in Recent Deals

April 01, 2014, 07:04 AM

Brookridge Funding announces the completion of $1.4 million of funding facilities for three new clients. The clients were introduced to Brookridge by their factors or asset-based lenders and include:

  • $1 million for a CA importer of audio components;
  • $200,000 for a NC distributor of medical products;
  • $200,000 for a MA government reseller.

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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