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Importer of Men’s Apparel

  • Importer of Men's Apparel

    $ 1,000,000

    Factoring

    New Jersey
    • Client: New Jersey importer of men’s dress shirts.

    • Situation: Client was unable to keep up with pace of orders from large retailers and their bank was unable to extend a credit facility due to the lack of financial strength of the company.

    • Need: The client needed a growth facility to fill the orders from large retailers and continue to grow their business.

    • Solution: Prestige provided a $1 million dollar facility so that the client would be able to fill his backlog of orders and grow his business. He has since added another division and has obtained a line of $1 million for that entity as well.