Finance Resource Guide
These established financial firms offer experience and expertise in the apparel industry. Their full range of factoring, finance, and receivables management services can help support and protect your business—managing your financial flow with flexibility, personal attention, and quick decision-making.
Bibby Financial Services 101 N. Westlake Village, CA 91362 (877) 88-BIBBY; Fax (805) 446-6112 www.bibbyusa.com amask@bibbyusa.com Contact: Anne Mask Year Established: Founded in 1807, the group operates businesses in 14 countries with more than $1 billion in assets. Bibby Financial Services funds more than $9 billion of receivables to more than 7,000 businesses each year. Territory: Global Services: Bibby Financial Services is a leading worldwide specialist in business cash flow solutions for small and medium-sized enterprises. Product portfolio includes receivable finance, factoring, export finance, purchase order finance, and specialist solutions for the apparel industry. Competitive Edge: Immediate working capital of up to $10 million; streamlined, express underwriting for funding of $250,000 or less; competitive advance rates with 24–48 hour turnaround; family-owned for more than 200 years; and access to funds is secure.
Continental Business Credit, Inc. 21031 Ventura Blvd., Ste. 900 Woodland Hills, CA 91364 (818) 737-3700; Fax (818) 737-3703www.cbcredit.com vlionetti@cbcredit.comContact: Vince Lionetti, Executive VP/Marketing Director, (818) 737-3737; Hank Kalin, VP New Business Development (818) 737-3746 Year Established: 1989Apparel-Related Clients: 60%Territory: United States Services: We provide full service factoring, which includes local credit checking, collections, and accounts receivable financing. We finance start-ups and provide Chapter 11 acquisition funding.What’s New: Through a joint development venture, AIMS and Continental are streamlining the factoring process for the apparel industry and have created an integrated system for the Credit Decision Process. Designed to shorten the processing cycle for order approvals, this system transmits information directly from AIMS to Continental, eliminating duplication, errors, and multiple touch points on retailer orders. Users receive immediate credit decisions while the software keeps track of orders in process.Competitive Edge: Service is our number one priority; clients never get lost in the shuffle. We take the time to evaluate individual needs and provide solutions that produce results on a timely basis.
Goodman Factors 3010 LBJ Freeway, Ste. 140 Dallas, TX 75234 (972) 241-3297; Fax (972) 243-6285 Toll-free (877) 4-GOODMANwww.goodmanfactors.com Contact: Jessie Valdivia or Bret Schuch Year Established: 1972. We are the oldest privately held factoring company in the Southwest. Apparel-Related Clients: 60% Annual Volume: $350 million Territory: Nationwide Services: Recourse and non-recourse 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.
Hana Financial, Inc. 1000 Wilshire Blvd., 20th Fl. Los Angeles, CA 90017 (213) 240-1234; Fax (213) 228-5555 www.hanafinancial.com jbahng@hanafinancial.com Contact: John Bahng Year Established: 1994Apparel-Related Clients: 75%Annual Volume: $1.2 billion in factoring volume in 2008 Territory: 4 countries, 28 industriesServices: Traditional Factoring, P.O. and Trade Finance, Commercial Real Estate Loans, SBA Loans, and Equipment LeasingLocations: Los Angeles, New York, and Seattle Competitive Edge: Multi-lingual professionals of quality and experience, state-of-the-art Internet-based e-factoring system, innovative and customized service, and a member of Factors Chain International
Merchant Factors Corp. 800 S. Figueroa St., Ste. 730 Los Angeles, CA 90017 (213) 347-0101; Fax (213) 347-0102 www.merchantfactors.com ascoggin@merchantfactors.com Contact: Donald Nunnari, Alexandra Scoggin Year Established: 1982 Apparel-Related Clients: 90% Territory: Worldwide Services: Factoring, accounts receivable management, and letters of credit Competitive Edge: Friendly, prompt service, quick approval process, and convenient location near garment center
Prime Business Credit, Inc. 1055 West 7th St., Ste. 2200 Los Angeles, CA 90017 (213) 488-6400; Fax (213) 488-6450 www.pbcusa.com mha@pbcusa.com Contact: Mike Ha Year Established: 1999 Apparel-Related Clients: 80%Annual Volume: More than $500 million Territory: Nationwide Services: Traditional factoring, PO and trade finance, working capital loans, and commercial real estate loans Locations: Los Angeles and New York offices Competitive Edge: A newly designed website that is extremely user-friendly, fast credit approval processing, and a genuine interest in each account sets us apart.
Sterling Factors Corporation A subsidiary of Sterling National Bank 500 Fifth Ave. New York, NY 10018 (212) 575-4415; Fax (212) 575-3439 www.sterlingfactors.com john.lalota@sterlingbancorp.com Contact: John La Lota, President Year Established: 1929 Apparel-Related Clients: 50% Territory: United States Services: Full service factoring and accounts receivable management, letters of credit, and inventory financing Competitive Edge: Sterling Factors has provided creative financing solutions to the fashion industry for nearly 80 years. Clients have direct access to experienced decision makers. As a subsidiary of Sterling National Bank, Sterling Factors offers a full suite of banking services including middle market lending, asset-based lending, and leasing.
Wells Fargo Trade Capital 333 S. Grand Ave., Ste. 4150 Los Angeles, CA 90071 (213) 443-6030; Fax (213) 443-6001 www.wellsfargo.com/tradecapital Wes.Takeuchi@wellsfargo.com Contact: Wes Takeuchi Year Established: 1950 Apparel-Related Clients: +70% Annual Volume: $7 billion in factored A/R Territory: Western USA Services: A full line of factoring services, trade finance, and A/R management services Competitive Edge: Wells Fargo Trade Capital’s unique approach to trade finance provides exceptional flexibility for importers.
This listing is provided as a free service to our advertisers. We regret that we cannot be responsible for any errors or omissions within the Finance Resource Guide
