Capital Business Credit Launches Program to Assist U.S. Manufacturers
Small- and medium-sized manufacturers could benefit from a new program launched by Capital Business Credit LLC.
The New York–based commercial finance company is prepared to provide up to $500 million in financial facilities of $1 million to $20 million.
“Businesses are coming to us, wanting to hire, buy new equipment and ultimately expand their companies, but they aren’t receiving the financial support from their banks to execute,” said Marc Adelson, CBC chief executive officer. “Capital Business Credit recognizes this as an opportunity to support businesses that want to buy, build and hire in the U.S.”
The program will support businesses that manufacture non-durable goods—including textiles, apparel and accessories—as well as companies that produce durable goods such as machinery.
Founded in 1988, CBC provides full-service factoring, accounts-receivable management services, inventory lending, asset-based lending and international financing. Its CBC Trade Finance division provides finance solutions for U.S.–based importers working with Asian suppliers. The company is based in New York.
For more information, visit www.capitalbusinesscredit.com.
