Manufacturer of Men’s wear in Central America
A New York based company that manufactures men’s clothing in Central America.
The client wanted to expand its operations and take advantage of duty free status on goods imported into the United States from Central America. The client also needed to purchase more fabrics and other raw materials for a large order it received, but neither the client’s bank nor the factor agreed to advance any more funds.
Express Trade Capital issued letters of credit to the client’s fabric suppliers in the Far East and Europe, which allowed the client to purchase the raw materials it needed to increase production. In addition to providing purchase order financing, we oversaw the shipment of the raw materials to Central America and ultimately got the manufactured goods from Central America into the United States.