Brookridge Funding announces the completion of a $5 million purchase order funding facility for a New York based importer and distributor of fitness equipment.
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.