Footwear Importers and Distributors – Enhance Your Growth with Import Funding and Purchase Order Financing

Posted by on September 15, 2015 in Uncategorized | Comments Off on Footwear Importers and Distributors – Enhance Your Growth with Import Funding and Purchase Order Financing

The global footwear market totaled about $200 billion in 2014, and will grow to about $220 billion by 2020, according to a recent report from Transparency Market Research. That will translate into about 11 billion pairs of shoes, boots, casual and athletic footwear by 2020. Athletic and performance footwear have been dominating the growth in this industry, with online sales growth compensating for declines in in-store sales for some categories of footwear. These trends are expected to continue in the years immediately ahead. If you are a footwear importer or distributor, you of course want to take advantage of the continued growth in this huge market. At the same time, many small footwear importers and distributor often do not have the ready cash as working capital to support the growth they wish to achieve. That’s often the case when their end customers delay payment for 60 to 90 days or longer. Since so much of the world’s footwear is produced outside of the U.S., American footwear distributors are typically dealing with imported goods. As a distributor or importer, of course, you don’t want to be in a position to turn down an order simply because of a shortage of working capital. And you don’t have to – the solution is import financing with purchase order funding. Here’s how it works: When you receive a purchase order for footwear from a creditworthy customer, a purchase order financing firm checks the customer’s credit, and if it’s good, your purchase order financing firm establishes a letter of credit or bank draft to pay the manufacturer of the goods. The payment is made against the purchase order – even before an invoice is prepared — and the manufacturer then ships the footwear to you, the importer, in the U.S. If your customer pays immediately, the financing firm collects the payment, takes a fee for its services, and remits the balance of the profit to you. If, as is more likely, your customer pays on terms, the financing firm may then factor the customer’s invoice, providing you with an advance of perhaps 75%-90% of the invoice. Once your customer pays down the invoice, the financing firm will remit the balance of the invoice, less a fee for its factoring service. Paragon Financial has been providing working capital solutions to footwear companies just like yours for more than 20 years. We understand the footwear business, and, as your financing partner, we will get to understand your distinct business as well. As a particular form of financing, purchase order funding allows you to take advantage of larger orders that you might not be able to because of a shortage of cash flow. Using this financing tool, your working capital can grow as your business grows. This financing alternative also offers trade credit protection in the event of a customer’s non-payment. Ready for fast, secure funding now? Paragon has been funding the the footwear industry for over two decades. To learn more, please contact our National Sales Manager, Chris Curtin via email or toll-free at 888-400-5931 ext 1. Money When Your Business Needs It...

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Footwear

Posted by on September 1, 2015 in | 0 comments

Non-Recourse Invoice Factoring, Import Funding and PO Financing For The Footwear Industry Funding the Footwear Industry for over 2 decades Non-Recourse Invoice Factoring gives you Credit Protection We Work with Clients IRS Tax Issues & the non-bankable Client Concentration Funding & Slow Paying Customer Experts Entrepreneur Friendly The footwear industry is forecast to grow to 211.5 billion USD by the end of 2018. High levels of working capital are essential for manufacturers, importers, and distributors to keep their businesses rock solid. When your large customer takes 75 days to pay we know what happens. Your footwear business keeps you awake at night without proper cash flow to cover an ever-growing payroll, new equipment, raw material and other essential operational costs. If you are non-bankable, it does not mean you can’t take advantage of these growth opportunities in the footwear industry. Companies with IRS issues, start-ups, client concentration and bad credit can qualify for funding. Non-recourse import funding options offer credit protection against bankruptcy. The footwear industry gets cash in as little as 24 hours to continue to grow their business. There has been much success in athletic and performance footwear as activewear has taken over for the new weekend apparel. Retailers are adapting to consumer’s connected lifestyles incorporating more wearable technology in their footwear. Online fashion footwear distributors and web sales are seeing large increases in growth. Larger online footwear retailers such as Zappos, ShoeBuy, Rent the Runway, Just Fab and Birchbox are taking their online following and offering their customers an in-store experience. Take advantage of these tremendous industry opportunities through non-recourse invoice factoring, import financing, and purchase order funding. These funding packages give your footwear company the tools to improve cash flow, keeping your company profitable and strong. Get fast funding for Footwear Industries today! Apply Securely, call 888-400-5931 ext 1 or email us. Money When Your Business Needs It...

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Textiles & Apparel

Posted by on August 19, 2015 in | 0 comments

Non-Recourse Accounts Receivable Financing and PO Funding For The Textiles & Apparel Industry Funding the Textiles & Apparel Industry for over two decades Get up to 90% of Your Invoice Advanced We Offer Non Recourse Factoring Credit Protection One Stop Shop for PO Funding & AR Financing Solutions We Work Client’s IRS Tax Issues Client Concentration Funding & Slow Paying Customer Experts Entrepreneur Friendly As the largest importer of garments in the world, the US market demands large amounts of working capital to get their job done. As a distributor, importer or manufacturer, what happens when your large customer drags their feet on payment and takes 75 days to pay? Payroll, taxes and insurance payment obligations don’t stop and neither can your cash flow. Factoring was tailor-made for the textile and apparel industry. In the early 1900’s factoring was used to fund US textile companies to purchase raw materials when bank loans were not available. In the last 100 years, factoring has evolved into a highly mature, sophisticated method of funding for the textile industry. Non-bankable companies with IRS issues, start-ups, client concentration and bad credit can qualify for funding. Non-recourse options offer credit protection against bankruptcy. Textile companies get cash in as little as 24 hours to continue to grow their business. The global fashion apparel industry alone represents nearly 2% of the world GDP and is over one trillion dollars. This means big business and non-recourse accounts receivable factoring and purchase order funding give your company the tools to improve cash flow and keep your company profitable and running smooth. GET FAST FUNDING FOR THE TEXTILE & APPAREL INDUSTRY! Apply Securely, call 888-400-5931 ext 1 or email us. Money When Your Business Needs It...

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Shoe Wholesaler, Newark New Jersey – Invoice Factoring

Posted by on March 19, 2014 in Apparel Wholesaler, Success Stories | 0 comments

Paragon Financial has provided a $350,000 invoice factoring line of credit to a Shoe Wholesaler in Newark, New Jersey.

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Apparel Wholesaler, Miami Florida – Invoice Factoring – Purchase Order Financing

Posted by on February 13, 2014 in Apparel Wholesaler, Success Stories | 0 comments

Paragon Financial has provided a $2,000,000 invoice factoring line of credit and purchase order financing facility to an apparel wholesaler in Miami Florida.

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