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Brookridge Funding Provides $4.5MM in Funding to Two Clients

May 21, 2014, 07:12 AM

Brookridge Funding announces the completion of $4.5 million of funding facilities for two new clients. The clients were introduced to Brookridge by their factors or asset-based lenders and include:

  • A $3 million facility for an importer of men’s footwear based in Oregon
  • A $1.5 million facility for a distributor of electronic storage devises based in California

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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