Home / Knowledge / News / Apparel/Garments / CIT Group to provide factoring for Liquid Graphics
CIT Group to provide factoring for Liquid Graphics
22
Dec '10
CIT Group Inc, a leading provider of financing to small businesses and middle market companies, announced that it has established a comprehensive factoring and financing relationship with Liquid Graphics, Inc., a high-end designer, screen printer and producer of branded and private label apparel to the action sports and entertainment industries.

The agreement provides for accounts receivable and inventory financing from CIT Trade Finance, which will provide working capital to support Liquid Graphics growth plans.

“This transaction demonstrates CIT's continued commitment to meeting the financing and credit protection needs of small businesses in the apparel and action sports industries,” said Mitch Cohen, Western Regional Manager of CIT Trade Finance. “Our retail industry expertise, client service levels, and ability to provide comprehensive customer credit lines, continue to distinguish CIT from its competition.”

Bryan Renner, CFO of Liquid Graphics, Inc., said, “We are excited to partner with the leading factor in the U.S., as this relationship with CIT will provide us with financing and credit tools to help us grow. By factoring with CIT, we will be able to maintain deeper inventory levels, which will allow us to better serve our customers by responding even faster.”

CIT Group Inc


Must ReadView All

Textiles | On 26th Jun 2017

US initiates probe into PSF imported from 5 nations

The department of commerce of the US has initiated investigations for ...

Textiles | On 26th Jun 2017

USTR announces AGOA review for Rwanda, Tanzania & Uganda

The office of the US trade representative (USTR) has announced the...

Textiles | On 26th Jun 2017

Braskem invests in polypropylene production facility in US

The Board of Directors of Braskem, one of the largest producer of...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

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

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Marten Alkhagen
Swerea IVF AB

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

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sonam & Paras Modi
SVA

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

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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:
June 2017

June 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