Brookridge Funding announces the completion of $4.5 million of funding facilities for two new clients. The clients were introduced to Brookridge by their factors or asset-based lenders and include:
- A $3 million facility for an importer of men’s footwear based in Oregon
- A $1.5 million facility for a distributor of electronic storage devises based in California
Brookridge provides letters of credit for its clients purchasing pre-sold inventory from foreign vendors and wires for its clients with domestic suppliers, providing safeguards for the successful completion of their P.O. transactions. Brookridge provides Purchase Order funding starting at $100,000, and works with existing senior lenders and/or factors in place.