Daily News: July 25, 2012

Capital Business Credit Funds $50 Million YTD

Capital Business Credit (CBC) said it funded approximately $50 million in new factoring and trade finance facilities to apparel and accessories companies from January to July, 2012.

CBC said the senior facilities were provided to approximately 15 companies primarily in the apparel manufacturing sector. Combined, the companies have revenue volume of approximately $450 million and are located in the New York and Los Angeles metro areas.