Brookridge Funding completed a $12 million purchase order funding facility for a New Jersey-based importer and seller of recreational equipment.
The client received new purchase orders and needed $12 million in cost to be financed since their existing ABL facility was fully drawn and could not be used for funding these orders.
Brookridge underwrote the client and negotiated an inter-creditor with the ABL lender, assuring that product was delivered on time to the customer.
Founded in 1994, Brookridge Funding has provided purchase order funding and services to over 400 clients in the mid-cap market, with accounts ranging from $100,000 to $10 million.
