Barbers
Recently funded deals:
ABL
A $3,000,000 ABL Revolving Line of Credit for a Cell phone Distributor.
Factoring
& PO
& PO
A $300,000 factoring and PO Finance facility for a distributor of electric generators. Purchases product from overseas and re-sells primarily to cities and municipalities.
Factoring
& PO
& PO
A $500,000 factoring/PO Financing facility for a start-up distributor of textiles purchasing raw material from Brazil and selling to clothing manufacturers in Colombia.
Factoring Facility
A $60,000 factoring facility for an SES provider (a tutoring company under the “No Child Left Behind” program) headquartered in Atlanta, Georgia. Receivables were due from public school districts.
Factoring Facility
A $500,000 factoring facility for a private brand boat manufacturer in Miami with a portion of factored sales to cities, municipalities and state agencies. Sales were highly seasonal.
Factoring Facility
A $700,000 factoring facility for a Florida based sub-contractor with sales to cities and municipalities in South Florida.
PO
A $4,000,000 purchase order financing facility for a distributor of pet products.
Factoring
A $300,000 factoring facility for a web site publication company. Sales in the US and Canada. Arranged for both factoring and credit insurance.
Factoring
A $5,000,000 factoring facility for a distributor of electronic cigarettes. Company sold its products to a client that re-sells to end buyers.
FACTORING
A $1,000,000 factoring facility for an importer of children’s clothing. The client brings blanks from overseas, embroiders them in Miami, and sells to resort shops and amusement parks. The challenge with this client was a 90-day collection cycle.
ABL
A $1,000,000 facility for a start-up cell phone distributor with sales to Latin America.
ABL
An $800,000 inventory only facility to a distributor of unstamped (no stamp tax) cigarettes selling primarily to convenience stores and casinos. Actively doing business with the Indian Nation. Also distributes snacks, candies and other sundry items.
Factoring
A $250,000 factoring facility for a manufacturer of perfumes and cosmetics selling to department stores.
PO
A $50,000 special clause letter of credit to provide purchase order financing support for an importer of olive oil.
PO
A $35,000 purchase order finance facility for a manufacturer of kitchen and bath furniture for high rise condos, office buildings, and hotels.
ABL
A $3,000,000 dollar asset-based line of credit to a manufacturer of lighting components. The line required aggressive advances on inventory and a term loan on equipment.
ABL & PO
A $10,000,000 dollar purchase order/production financing facility for a gold importer doing business with a Florida refiner. The letter of credit not only allowed the client to import the gold, but also remained in place while the gold was processed for eventual delivery.
MCA
A $100,000 merchant cash advance to a travel agency.