C2FO’s Capital Finance Signs $1 Million Receivables Financing Deal with Clothing and Fashion Company
20 November 2020 |
Kansas City, USA (Nov. 20, 2020) – The C2FO Capital Finance team is proud to announce the signing of a $1 million receivables financing facility with a leading clothing and fashion company based in Los Angeles.
The company manufactures premium athletic streetwear and fashion brands for professional athletes to promote on the world’s biggest stages. Their brands are carried by Nordstrom, TJ Maxx, Marshall’s and other major retailers.
The company first learned about C2FO through its customer, TJ Maxx, and the $1 million facility was signed in late October. Offered through C2FO Capital Finance, Receivables Finance is an asset-based lending experience that integrates seamlessly with C2FO’s Early Payment programs.
The clothing company’s CEO said his business was overwhelmed with new purchase orders when he first reached out to C2FO. He was concerned his business would not be funded quickly enough to fulfill the new orders. The Capital Finance team addressed that concern by creating a custom financing solution that was fully funded in 12 days.
“C2FO truly cared about our business and took the time to build a relationship with us that created the trust and transparency we wanted in a finance partner.” The CEO said.
To learn more about the working capital solutions through C2FO Capital Finance, visit https://legacy-site.c2fo.com/financing/.
C2FO is the world’s largest platform for working capital. We serve over one million businesses representing $10.5 trillion in annual sales across more than 180 countries. Our online platform connects more than $100 billion of daily accounts payable and accounts receivable. Whether you need working capital or have excess working capital, Name Your Rate™, and the C2FO platform will match your request in seconds. You can accelerate or extend AP or AR on demand, providing you, your customers and your suppliers greater control over cash flow. You can also utilize AR financing and other data-driven funding options.
C2FO is working capital, working for everyone. Our mission is to deliver a future where every company in the world has the capital needed to grow. To learn more, visit C2FO.com.