Home / Knowledge / News / Apparel/Garments / Bibby Financial assists new apparel unit with capital
Bibby Financial assists new apparel unit with capital
25
Sep '14
Bibby Financial Services, a provider of business cash flow solutions to small and medium-sized companies said it has assisted a garment producing start-up, access capital.

Bibby Financial has funded a $1.25M non-recourse factoring facility for a California-based apparel manufacturer.

Bibby said, “This new business saw increased demand for private-label denim, but as a start-up had struggled to obtain traditional funding.

“It needed a more flexible cash flow solution to pay international suppliers, afford growth and maintain operations.”

"New and growing businesses often have trouble securing traditional bank lending," said Rob Meyers, MD of Bibby Financial Services California.

He added, "Even though this business is a start-up, Bibby Financial Services was able to provide a sizeable and scalable facility for continued growth support."

With offices in 15 countries around the world, Bibby is an approved lender for the Export-Import Bank's working capital guaranty program. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Apr 2017

Maharashtra govt working on second textiles policy

The textiles department of the government of Maharashtra is working...

Apparel/Garments | On 27th Apr 2017

EC takes action to make garment sector more sustainable

The European Commission (EC) has presented a set of focused actions...

Textiles | On 27th Apr 2017

Seven new organisations join ZDHC Programme

The Zero Discharge of Hazardous Chemicals (ZDHC) Programme from...

Interviews View All

Awen Delaval
Samatoa

'Natural fibres are appreciated for traditional authenticity'

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Silke Brand-Kirsch
Schlegel und Partner

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

news category


Related Categories:
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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



X