FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Banjo & Matilda Secures $1.5 Million Trade Finance Facility

August 28, 2014, 07:31 AM
Filed Under: Apparel

Banjo & Matilda, Inc., an emerging Australian fashion lifestyle brand announced that it has entered into a $1.5 million trade facility with Sallyport Commercial Finance, a factoring and asset-based lending company. Banjo & Matilda will be able to utilize this trade facility until 13thAugust 2015, renewable annually.

Ben Macpherson, Banjo & Matilda's Co-Founder & Chief Executive Officer, stated, "We are pleased to enter into this agreement with Sallyport Commercial, which through our work together has developed a clear understanding of our long term goals and plans. We believe that this facility will help further support our growth initiatives and provide the Company with financial flexibility. We intend to use the trade facility to finance future orders in our efforts to build the Banjo & Matilda brand."

Banjo & Matilda, Inc., is an emerging high growth Australian lifestyle brand, best known as a designer, producer and marketer of premium contemporary woman's knitwear. Inspired by the iconic Bondi Beach surroundings of its creative studios, Banjo & Matilda launched its first knitwear collection in 2008. Big on quality, small on pretence, and known globally for their fun statement sweaters and luxury cashmere basics, Banjo & Matilda is discreetly luxurious, yet able to capture the essence of beach culture in a range of apparel made with supreme quality and integrity.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.