A growing number of suppliers are using their receivables as a source of liquidity to alleviate financial strains in the wake of the coronavirus pandemic, according to Maureen Sullivan, head of supply chain finance at Mitsubishi UFJ Financial Group.
According to a survey conducted by Capital Business Credit, U.S.-based importers and suppliers that sell goods to retailers are seeing growth in sales for both the summer and fall shopping seasons.
WFCF’s Supply Chain Finance group established a Channel Financing program for D&H Distributing. The new financing program helps provide financial resources for value-added re-sellers looking to fulfill technology needs in K-12 classrooms.
General Datatech entered into an agreement with Wells Fargo Capital Finance to add to its existing senior secured credit facility in the amount of $100 million.