Brookridge Closes Seven Transactions Totaling $6.2 Million
Brookridge Funding announced the completion of $6.2 million of funding facilities for seven new clients in October.
The clients were introduced to Brookridge by their factors and asset-based lenders. The deals included:
Brookridge provides letters of credit for its clients purchasing pre-sold inventory from foreign vendors and wires for its clients with domestic suppliers, providing safeguards for the successful completion of their P.O. transactions. Brookridge provides purchase order funding starting at $100,000, and works with existing senior lenders and/or factors in place.