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Gateway Commercial Finance Provides Factoring Facility to Start-up Apparel Company - Start-up apparel company receives $250,000 line of credit - GatewayCFS.com
Gateway Commercial Finance Provides Factoring Facility to Start-up Apparel Company

 

NewswireToday - /newswire/ - Boynton Beach, FL, United States, 2011/08/09 - Start-up apparel company receives $250,000 line of credit - GatewayCFS.com.

   
 
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When Mia Leeds started Cool Blue Apparel, she needed an effective receivables management and cash flow solution. "I've known about factoring for years but never realized all of the additional benefits it provides besides steady cash flow!" said Leeds. Marc J. Marin Managing Director of Gateway Commercial Finance said it was pleased to extend a line of credit to Cool Blue Apparel "With our credit investigation resources, proactive receivables management and cash flow support, it's a winning combination for almost any business... Cool Blue Apparel was no exception".

Given the start-up nature of Cool Blue, conventional avenues of financing (specifically banks) was simply unavailable. Giving up equity was not an option for Cool Blue as they have been recognized as one of the most up and coming fashion design houses in LA. “After we began running short on the initial investment we put into the company, we knew we had to find a reliable solution that would allow us to grow without restrictions. Invoice Factoring provided an ideal vehicle to support us” said Leeds.

Gateway Commercial Finance (gatewaycfs.com) provided Cool Blue Apparel with an initial line of $250,000 with a full suite of credit tools and receivables management. "The last thing I needed to do was worry about the credit of my customers, chasing payments while trying to take care of everything else on my plate. Gateway's program provided an excellent package of services for a start-up like me" Said Leeds.

 
 
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Written by / Agency / Source: Gateway Commercial Finance, LLC

 
 

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Gateway Commercial Finance Provides Factoring Facility to Start-up Apparel Company

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Publisher Contact: Marc J. Marin - GatewayCFS.com 
561-734-2706 marc.marin[.]gatewaycfs.com
 
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