Crossroads Financial provided a $750,000 purchase order financing facility for a distributor of safety equipment for electric power transformers.
With so many options for borrowers in today’s alternative and specialty lending environments, lenders need to develop a niche and be open to partnering with other financial partners to land new business in the competitive environment. Darren Palestine, director of sales and marketing director at Crossroads Financial, discusses creative solutions in the marketplace and how Crossroads recently worked with a factor to fund a unique deal, taking out the bank position in the process.
Crossroads Financial announced it provided a sports apparel manufacturer and wholesaler with a $1 million inventory revolver.
Crossroads announced it provided an $800,000 inventory credit line to a sporting goods manufacturer/distributor; Aegis Business Credit is providing a $1.5 million factoring facility to the client.
Crossroads Financial announced that it provided a $3 million inventory financing facility for the benefit of retail chain of arts and craft stores.
Crossroads Financial provided a $750,000 inventory financing facility and a $500,000 purchase order financing facility for the benefit of a manufacturer and wholesale-distributor of jewelry.
Crossroads Financial announced it provided a $1 million purchase order financing facility to a manufacturer and distributor of women’s apparel and accessories.
Crossroads Financial provided $700,000 PO financing to a food manufacturer. In connection with the transaction, Crestmark provided the food manufacturer with an additional $750,000 factoring facility.
Green Innovations said its subsidiary, Green Hygienics, has signed a $1 million inventory financing agreement with Crossroads Financial.