Facility Amount:  $5,000,000

Date Funded:  8/19/10

The Company:  This New York based manufacturing and distribution company was established in 1999 as an Importer/Manufacturer of outerwear for men, women and children. Currently, they manufacture private label and branded outerwear for a variety of importers and retailers.

The Issue:  Recently, the company signed a license agreement to become the exclusive manufacturer and marketer of outerwear for a very well established and distinguished clothing brand.  The well-known brand is expected to generate business with both regional and national department stores, and this effect is already being demonstrated in the company’s open orders.

The Solution:  Due to the company’s need for growth capital, a Capital Management company referred them to Joel Flig at Allied.

The Win:  By securing a relationship with Allied, this company now has a factoring partner that can grow with them and provide the necessary working capital for their business to expand and flourish.