Innovative

Media
Contact:
Purchase
Jim Order
RednourFinancing
(773) 342-9900
Provides Up To 100% Of Inventory Financing N
eeded Factoring
While
To Outsource
(Accounts
FinishedReceivable
Apparel Goods
financing)
To FillisKnown
the most
Orders
widely understood an
d used method of financing in the apparel industry, its utility does not typical
ly provide sufficient cash flow to purchase required inventory. Thus, the chal
lenge facing many enterprising apparel companies looking to fill seasonal orders
and other time-sensitive opportunities by outsourcing finished goods is: How t
o secure the unprecedented amounts of funding needed to purchase the inventory t
o fill the customer's order? According to Transcap Trade Finance, a Transameric
a Corporation joint-venture, an increasingly popular solution for fast-growing a
pparel"breakthrough"
When
outsourcers isorders
Purchase
comeOrder
in, they
Financing.
typically call for greater amounts of w
orking capital and quicker turn-around time than can be accommodated by a tradit
ional credit line through a conventional lender. P.O. Financing is a short-term
(usually under 120 days) supplementary financing method that provides rapid ava
ilability of large amounts of working capital (from $250,000 to $10 million+) to
enable companies to acquire inventory without requiring them to sacrifice equit
y orprovide
"We
operational
short-term
control.
opportunity financing which enables apparel companies to
purchase the finished inventory needed to fulfill seasonal sales and incremental
revenue growth opportunities," said Ira Edelson, president of Transcap Trade Fi
nance. "Based on the value of a Purchase Order from a known buyer, Transcap fin
ances the purchase of required inventory. Once our clients take delivery of the
inventory, we exit the transaction and they continue conducting business as usu
al, utilizing Account Receivable financing from a Factor or from their tradition
al
Headquartered
About
lender."
TranscapinTrade
Chicago,
Finance
and&with
P.O.regional
Financingoffices in New York, Los Angeles and
Tampa, FL., Transcap Trade Finance is the nation's largest, most experienced an
d fastest growing provider of Purchase Order Financing, P.O. Financing complemen
ts existing finance lines. It is not a replacement for accounts receivable fina
ncing or meant to be used in place of a traditional bank's line of credit. Yea
rs of experience enables Transcap to respond quickly (within one business day on
ce program is initiated), so companies can pursue seasonal sales and incremental
revenue growth opportunities that do not fit within the general underwriting pa
rameters of traditional lending sources. This means that apparel outsourcers ca
n concentrate on doing what they do best, with confidence that their company wil
l have all of the purchasing power needed to acquire the processed goods require
d tomore
For
capitalize
detailsononimmediate
Transcap Trade
and future
Finance's
salestimely
transactions.
and flexible Purchase Order
financing options, check out their website at www.transcaptrade.com or call Paul
Schuldiner at (212) 946-2888.