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

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Clash over monetary payment by UK at Brexit talks

Textiles | On 18th Oct 2017

Clash over monetary payment by UK at Brexit talks

The European Union (EU) and the United Kingdom (UK) are clashing over ...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Nuno Venda
ROQ

‘There has been an increase in demand for water based inks, rather than...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

October 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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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