Brookridge Funding completed a $15 million purchase order funding facility for an importer and distributor of patio furniture.
The client received normal large seasonal purchase orders from a customer, but the customer wanted the furniture to be imported before anticipated increases in tariffs. The condensed delivery schedule made suppliers unable to offer terms as they had in the past. Brookridge was able to close and start funding the transaction within 10 days of being introduced by a factor.
Brookridge Funding has provided purchase order funding over the last 26 years and has serviced more than 450 clients during that time. Focused on the mid-cap market, with accounts ranging from $100,000 to $20 million, Brookridge provides trade finance solutions to importers, wholesalers, distributors, government resellers and growing businesses looking to retain equity while financing their growth without long term debt.