Kuhlman gets $1m credit facility from Venture Bank
02 Mar '06
1 min read
Apparel retailer Kuhlman Company Inc has obtained a $1 million line of revolving credit from Venture Bank, based in Minneapolis, MN. This working capital line carries a rate at prime plus 1 percent and is secured by the company's inventory.
Scott Kuhlman, President of Kuhlman Company said, "We are pleased with the support we have received from Venture Bank and look forward to continuing to execute our growth plan to become one of the country's leading specialty retailers of fashionable, tailored apparel for men and women."
Kuhlman is a specialty retailer and wholesale provider of both men's and women's apparel, offered under the Kuhlman brand through company-owned retail stores and under private labels through other large retailers.
Kuhlman opened its first retail store in July 2003 and now operates fifty (50) retail stores in 19 states and in the District of Columbia. Its growth strategy includes offering men's and women's product at all opening stores.
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