HIGH-END FOOTWEAR BRAND UNABLE TO SECURE FINANCING

CLIENT

Australian-Owned sneaker company

ISSUE

The client needed factoring, purchase order financing, and logistical solutions. Although the company was in good financial standing, banks were unwilling to take on the risk since the its ownership structure contained foreign entities and the CEO had only recently relocated to the US.

He was looking for a specific arrangement: factoring and purchase order financing under one roof from a financier who had more flexibility than a bank and would walk him through the process, since financing agreements function differently in the US.

SOLUTIONS

We quickly evaluated their customer list and purchase orders, walked them through the process thoroughly and began financing the business immediately, all the while ensuring that their management was informed and aware of each step of the process.