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Brookridge Funding Announces $3.8MM in Recent Transactions

September 09, 2014, 06:42 AM

Brookridge Funding announces the completion of $3.8 million of funding facilities for four new clients. The clients were introduced to Brookridge by their factors or asset-based lenders and include:

  • $3 million for a NJ distributor of cleaning products;
  • $300,000 for a CA importer of women’s clothing;
  • $300,000 for a FL importer of mirrors;
  • $200,000 for a MA distributor of footwear.

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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