Trade Finance Solutions (TFS) funded a $3 million ABL revolving credit facility for a New York-based manufacturer of jewelry and other consumer products.
The manufacturer is a portfolio company of an investment group which needed to find more flexible and creative financing for this “turnaround” opportunity.
The CEO of the jewelry distributor remarked, “TFS designed a way to support our efforts as we continue the implementation of our business plan and growth.”
“We were impressed with the company’s management team and the support of its ownership,” Barry Kastner, TFS senior managing director, said. “TFS structured a credit facility that provides additional liquidity and is flexible enough to see the business through its seasonal cycles.”
Founded in 2006, Trade Finance Solutions provides domestic and international financing solutions for growing mid-sized businesses across a wide variety of industries and geographic locations. It has principal operations in Toronto, Miami, Ft. Lauderdale, FL and New York.