Funding a rapidly growing contemporary ladies fashion wholesaler and retailer
Our client is a rapidly growing ladies’ fashion wholesaler and retailer. They design and import playful, fun and individual apparel and sell this to leading online retailers, as well as selling via our own online brand.
Outperforming their rival suppliers our client was receiving increasing demand from their main wholesale client – a leading online fashion website. In order to fund increasing stock purchases and the development of new product lines they needed additional cash to support growth.
Our specialists were able to structure a £1m factoring facility, allowing our client to draw down funds from the lender as soon as they shipped their product to their client. Rather than waiting the usual 45 or 60 days to receive payment from their client they could now access funds immediately, recycling the cash to purchase more stock and grow the business.