Finance Resource Guide
Support and protect your enterprise with backing from financial institutions dedicated to the apparel industry. They bring expertise and experience to a host of financial services including full-service factoring, trade financing, credit and collection, accounts-receivable management, and more. Flexible programs and individual attention are available for all sizes of operations.
First Capital Western Region, LLC 700 S. Flower Street, Ste. 2325 Los Angeles, CA 90017 (213) 412-1540 Fax: (213) 412-1541 www.FirstCapital.com RGarber@FirstCapital.com Contact:Ron Garber Year Established: 1987 Territory: Nationwide Services: First Capital provides traditional factoring, asset-based lending, and discount factoring for clients with financing needs from $35,000 to $250 million. Competitive Edge: First Capital is one of the largest independent and privately owned commercial finance companies, with approximately 200 experienced and dedicated employees around the country.Our competitive edge is based on our responsiveness and service to our clients when they need it most.
Goodman Factors 3010 LBJ Freeway, Ste. 140 Dallas, TX 75234 (972) 241-3297 Fax (972) 243-6285 Toll-free (877) 4-GOODMAN www.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 percent Annual Volume: $350 million Territory: Nationwide Services: 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.
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 percent 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
Milberg Factors, Inc. Main Office: 99 Park Ave., 21st Fl. New York, NY 10016 Western Regional Office: 655 N. Central Ave., 17th Fl. Glendale, CA 91203 (818) 649-8662 Fax (818) 649-7501 www.milbergfactors.com dreza@milfac.com Contact: David M. Reza, SVP Western Region Year Established: 1935 Apparel-Related Clients: 65 percent Territory: Primarily North and Central America, Europe, and Asia Services: Factoring, credit protection, and asset-based and import/export financing Competitive Edge: Milberg Factors offers a competitive menu of factoring, financing, and receivables-management products for entrepreneurial and middle-market companies with more personalized attention than larger institutional firms. A partner of our firm manages every client relationship. Our 70-year track record in the core factoring industry assures our clients that they will enjoy a stable relationship supported by a mature and experienced staff.
Sterling Factors Corporation A subsidiary of Sterling National Bank 500 Fifth Ave. New York, NY 10018 (212) 575-4415Fax (212) 575-3439 www.sterlingfactors.com john.lalota@sterlingbancorp.com Contact: John La Lota, President Year Established: 1929 Apparel-Related Clients: 80 percent 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 over 80 years. Clients have direct access to experienced decision makers. As a subsidiary of Sterling National Bank, Sterling Factors also offers a full range of depository and cash-management services as well as asset-based, commercial real estate, and equipment financing.
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