California Apparel News

CIT Commercial Services

• 300 South Grand Ave.
• Los Angeles, CA 90071
• Contact: Mitch Cohen, Western Regional Manager
• (800) 248-3240
• www.CITFactoringUniversity.com
• Products and Services: CIT Commercial Services operates throughout the United States and internationally. The Los Angeles office serves clients in the Western United States and Asia. CIT is the nation's leading provider of factoring, credit protection, and accounts-receivable management services. Companies of all sizes turn to CIT for protection against bad-debt losses, to reduce days‚ sales outstanding, and to enhance cash flow and liquidity. CIT's breadth of services, experienced personnel, industry expertise, proprietary credit files on over 330,000 customers, and comprehensive online systems are all reasons that clients say give CIT a competitive advantage.

Goodman Factors

• 3010 LBJ Freeway, Suite 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
• Products and Services: As the oldest privately held factoring company in the Southwest, Goodman Factors provides 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 upon shipment. Due to its relatively small size and centralized-management philosophy, its clients often deal directly with company management/ownership. Its size also enables it to provide flexible arrangements and quick decisions.

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
• Products and Services: Established in 1994, Hana Financial is a commercial finance company specializing in traditional factoring, trade finance, and international factoring. Additionally, it provides SBA loans and residential mortgage loans. Hana Financial has successfully transformed itself from a local start-up, primarily serving a niche market of Southern California, to a nationwide firm garnering businesses from all across the nation. It operates in over 28 industries in four countries, with locations in Los Angeles, New York, Seattle, Chicago, and Denver. It's also a member of Factors Chain International.

Rosenthal & Rosenthal

• 1370 Broadway
• New York, NY 10018
• (212) 356-1400
• Fax: (212) 356-0910
• West Coast: 21700 Oxnard St., Suite 1880,
• Woodland Hills, CA 91367
• (818) 914-5904
• Fax: (818) 710-7868
• www.rosenthalinc.com
• sbreuer@rosenthalinc.com
• Contact: Sydnee Breuer
• Products and Services: Celebrating our 75th year as an independent, family-owned factoring company with a large focus on the apparel industry, Rosenthal & Rosenthal understands our clients' business and is able to cater to the needs of our clients, including prompt turnaround on requests, flexibility in structure, and a user-friendly state-of-the art on-line client system. Services include factoring, credit protection, collection, cash application, lending services, and letters of credit. We were established in 1938, and 75 percent of our clients are apparel-related.