Textiles & Apparel
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 Clients IRS Tax Issues & Client Concentration
- 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.