Home / Knowledge / News / Apparel/Garments / Credit securing is important development for TAG - Janon Costley
Credit securing is important development for TAG - Janon Costley
Oct '09
Total Apparel Group, Inc. announced that it has secured a line of credit through Hartsko Financial Services that will assist the Company in financing purchase orders for Active Apparel and Kappa North America, two of TAG's wholly-owned subsidiaries. TAG's line of credit available is up to $10 million per transaction.

Hartsko has become TAG's “purchase order finance” and “letters of credit source” for its current, active business units. Founded by Richard Eitelberg, CPA, Hartsko handles about $180 million in annual transactions.

“This is an important development for Total Apparel Group. Our Finance team has done a great job in executing a strategy that will position the company for immediate rapid growth,” said TAG CEO Janon Costley. “Although generally considered a short to mid-term solution, the relationship with Hartsko is another critical step in our long term growth strategy. They have years of experience and an excellent reputation in the financial industry. Securing this line allows the company to utilize existing purchase orders with major accounts to secure production, thus allowing us the flexibility and agility to respond to the anticipated rapid increase in demand for our products in the coming months. In so doing, we can better serve our customers while better managing our current cash position.”

Total Apparel Group, Inc. aims to become the leading product licensing, brand management and retail development partner for pre-eminent sports, entertainment and lifestyle brands in the U.S. TAG recently leapt to global prominence with its selection as the official U.S. Master Distributor of FIFATM and FIFA World Cup Licensed Product.

Total Apparel Group Inc

Must ReadView All

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Interviews View All

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Rahuul Jashnani

‘Online economy has changed the whole dynamics of buying habits.’

Mark Paterson
Technical Absorbents Ltd

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Marten Alkhagen
Swerea IVF AB

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

Karan Arora
Karan Arora

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

Silvia Venturini Fendi
Fendi s.r.l

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

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

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


Browse Our Archives


Advanced Search