Company Sets Up Financing Alternative for L.A. Market
Kenneth L. Wengrod has spent more than 30 years working in the textile, apparel and commercial finance industries with companies including Los Angeles–based juniors manufacturer Rampage, textile converter Mark Fabrics/Meridian and Barclay’s Commercial Corp., where he helped launch the bank’s factoring business.
Wengrod’s latest venture is with 1-year-old financing company FTC Commercial Corp., which he established as a hands-on, personalized alternative to other factors in Los Angeles.
FTC clients include apparel manufacturers with both domestic and offshore production, importers, converters, and yarn suppliers.
The company formed a strategic alliance with ADR Services to add collections to its roster of financial offerings. ADR Services can act as an independent mediator and help resolve disputes between clients and their customers.
FTC Commercial is based in downtown Los Angeles. For more information, call (213) 745-8888.
