Home / Knowledge / News / Apparel/Garments / CBC provides $15mn credit facility to jeans maker Ropa
CBC provides $15mn credit facility to jeans maker Ropa
30
Oct '13
Capital Business Credit (CBC) announced that it is providing Ropa Siete Leguas (Ropa) with a $15 million revolving factoring facility.

CMT de la laguna, S.A., parent company of Ropa, is the largest jean manufacturer in Mexico, with offices in Lerdo, Durango. Ropa supplies jeans to a variety of major U.S. specialty stores. The company was previously self-financed, but wanted access to more capital to fuel its growth and help it make modifications to its business to address the changing retail climate.

After a rigorous search for a bank or alternative lender, the company chose to work with CBC because of its ability to create a customized financial facility to meet their business needs. In a matter of weeks, CBC presented Ropa with a full service factoring product, which lent against accounts receivable, and included both credit protection and capital.

“The world is changing every day and we wanted to be sure we are prepared as our business continues to experience growth,” said Homero Wong, Chief Financial Officer of Ropa. “CBC was able to offer Ropa a financial package at a very competitive cost, which will enable us to continue to grow at a rapid pace.”

“Ropa has a prestigious reputation in the industry, as they supply jeans to many top U.S. retailers,” said Charles Sharf, Executive Vice President and New York Factoring Portfolio Manager of CBC. “With a 25-year track record of providing retailers with superior products, CBC immediately understood that Ropa was an ideal candidate for a factoring solution and is pleased to be able to forge a relationship with such a great company.”

About Capital Business Credit

Established in 1988, Capital Business Credit, LLC is a commercial finance company specializing in providing creative supply chain financing solutions.  The company’s service offerings include: full-service factoring, immediate cash for receivables, single debtor credit coverage; letters of credit, accounts receivable management services; inventory lending, and international financing.  

Capital Business Credit


Must ReadView All

Courtesy: Philippine Information Agency

Apparel/Garments | On 29th Jul 2017

Philippines govt issues guidelines for garment firms

The Department of Trade & Industry-Board of Investments (DTI-BOI) and ...

Textiles | On 29th Jul 2017

Bangladesh govt takes 8 jute mills back from private firms

The Bangladesh government has taken 8 jute and textile mills back...

Textiles | On 29th Jul 2017

Textile machinery orders grow in second quarter: ACIMIT

ACIMIT, the Association of Italian Textile Machinery Manufacturers...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X