International Bath Textiles

Po Financing Factoring lIne

Double-decker deal. P.O. Financing and Factoring Line Client: An international bath textiles company with U.S. headquarters in Fort Lauderdale. Industry: Textiles Situation: The Company supplies fine linens (towels, sheets, etc.) manufactured in Pakistan to businesses all over the world. After years of success overseas from their Switzerland base, the Company wanted to expand domestically and incorporated in the U.S. in 2011. He quickly landed a large contract supplying towels to Carnival Cruise Lines in Miami. International law required them to finance the linen shipments through Cash Against Documents (CAD) financing. The linens would be delivered to a port in the U.S,

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