Crossroads Financial provided a $3 million inventory revolving line of credit to a wholesaler of new and refurbished plastic totes, steel drums, and poly plastic drums.
Crossroads Financial provided a $3 million inventory financing facility to a wholesaler of new and recycled plastic totes, steel drums and poly plastic drums that it sells to the oil and gas industry.
Crossroads provided a $1.8 million inventory revolver an e-commerce subscription box clothing company.
Crossroads Financial provided a $1.1 million inventory revolving line of credit for a wholesaler of heat activated and battery-operated warmers for the hands and feet.
Crossroads Financial provided a $3 million inventory revolving line of credit for the benefit of a toy wholesaler specializing in remote controlled products, such as boats, cars, helicopters and drones.
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.