February 13, 2014
Ron Garber, Executive Vice President and Regional Manager, First Capital
Stories this photo appears in:
California Apparel News recently spoke with some finance-industry executives to find out how their companies approach financing new businesses and how selling to e-tailers differs from selling to a bricks-and-mortar retailer.
With more apparel companies looking to export overseas to boost revenues, how difficult is it to get factor financing on these overseas accounts, and what things should apparel labels be aware of when exporting?
With interest rates still hovering in single-digit territory, the cost of borrowing money should be cheap, cheap, cheap. But it’s more than low interest rates that determine how much apparel manufacturers pay for a loan.
Financial experts weigh in on how apparel manufacturers will fare in 2014 and what challenges to expect in the months ahead.