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Success Stories
CLOTHING MANUFACTURER WITH SEASONAL CASH FLOW PROBLEMS
CLIENT
A manufacturer and wholesaler of men’s winter clothing.
ISSUE
The client wanted to expand its operations to meet the seasonal increase in demand, but the client’s line of credit with a major financial institution was tapped and the client lack any additional collateral to secure financing.
SOLUTIONS
Express Trade Capital opened multiple letters of credit to finance the orders the client would have had to otherwise pass up. We negotiated with the client’s factor and ultimately entered into a tri-party agreement that allowed us to lend against the purchase order itself. This ensured that our client would be able to increase production and profits without having to rely on its traditional credit line.
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