Product: Factoring Line
Funding Line Amount: $1.5 million
Company Type: Clothing Manufacturer and Distributor
Industry Type: Textiles/Garments
Annual Revenue: $14 million
Our client is a traditional Colombian garment manufacturer and distributor with a strong brand. Over the years, the company has established itself as a respected supplier of formal clothing and corporate uniforms.
Our client has experienced increasing demand for its products, particularly the line of corporate wardrobe. The company has expanded sales to existing customers and recently won new important contracts. In order to secure access to growing working capital requirements, the client contacted ExpoCredit with a request for a factoring line.
The company is a respected player in Colombia with a long history of producing quality products. It has managed to sharply increase sales over the past three years while improving operating margins. ExpoCredit was able to assess the client’s request and approved the factoring line without delay.
With ExpoCredit’s A/R financing our client can continue to focus on executing its successful expansion strategy.
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