Finance Resource Guide
From coast to coast and worldwide, these financial institutions specialize in the apparel business, providing factoring services, asset-based lending, consulting, collection, and many other services to start-ups as well as multi-million dollar enterprises. Flexible, individualized programs facilitate growth, profit, and security.
CIT Commercial Services300 S. Grand Ave., 12th Fl.Los Angeles, CA 90071(213) 613-2410 Fax (213) 346-3333www.CIT.comRobert.Lewin@cit.comContact: Robert LewinYear Established: 1908. We are celebrating our Centennial this year!Apparel-Related Clients: The majorityAnnual Volume: 2007 net income of $164 millionTerritory: Entire United States, Asia, Europe, and South AmericaServices: CIT Commercial Services is one of the nation’s leading providers of financing, credit protection, factoring, and accounts receivable management services. We tailor financial solutions that help companies of all sizes increase sales, improve cash flow, reduce operating expenses, and eliminate customer credit losses. Apparel companies turn to us for import and export financing, acquisition financing, growth financing, and working capital financing.Competitive Edge: Our size enables us to offer the broadest array of financing and credit protection services for domestic and international apparel companies. Our services help the small and mid-sized fashion and apparel companies of today become the market leaders of tomorrow.
First Capital700 S. Flower St., Ste. 2325Los Angeles, CA 90017(213) 412-1540 Fax (213) 412-1541www.FirstCapital.comRGarber@FirstCapital.comContact: Ron GarberYear Established: 2003Territory: GlobalServices: Asset-based lending, traditional factoring, A/R servicing, credit protection, international factoring, global supply chain financing, letters of credit, and outsourcingCompetitive Edge: Service, speed, flexibility, experience, global capabilities, and professionalism
Goodman Factors3010 LBJ Freeway, Ste. 140Dallas, TX 75234(972) 241-3297 Fax (972) 243-6285 Toll-free (877) 4-GOODMANwww.goodmanfactors.comContact: Jessie Valdivia or Bret SchuchYear Established: 1972. We are the oldest privately held factoring company in the Southwest.Apparel-Related Clients: 60%Annual Volume: $350 millionTerritory: NationwideServices: Recourse and nonrecourse invoice factoring for businesses with monthly sales volumes of $10,000 to $2 million. Services include invoice and cash posting, credit and collection service, and cash advances on invoices (usually same day) upon shipment. Start-ups OK.Competitive Edge: A big edge lies in our experienced management and staff (more than 100 years combined among three managers) and knowledge of the apparel/ retail industry. Due to our relatively small size and centralized management philosophy, our clients often deal directly with company management/ownership as opposed to an assigned CRM or account executive. Our size and accessibility enable us to provide flexible arrangements and quick decisions. All factored accounts are carried on our books. New accounts can be initiated in as little as 24 hours.
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