Daily News: July 11, 2012

Crossroads Provides Inventory Facility to Stone, Marble Distributor

Crossroads Financial announced that it has provided a $400,000 inventory financing facility to a stone and marble distributor. The inventory financing facility will enable the company to grow its inventory and ultimately increase sales, all while helping to improve cash flows and day-to-day operations.

Bridgeport Capital Funding is providing the client with a $750,000 factoring facility in conjunction with the inventory financing provided by Crossroads. The funding would not have been possible without the joint efforts of both Crossroads Financial and Bridgeport Capital Funding, Crossroads said in a press release.

Crossroads Financial is a stand-alone inventory lender offering revolving lines of credit against existing inventory, as well as purchase order financing.