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Brookridge Funding Announces Recent Transactions

July 23, 2014, 06:44 AM

Brookridge Funding announces the completion of $4.05 million of funding facilities for five new clients. The clients were introduced to Brookridge by their factors or asset-based lenders and include:

  • $1.5 million for an Minnesota-based importer of women’s clothing;
  • $500,000 for a New York-based importer of women’s clothing;
  • $300,000 for a Florida-based importer of lighting products;
  • $250,000 for an Idaho-based distributor of packaging materials;
  • $1.5 million line increase for a California-based distributor of computer memory storage devices.

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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