CBC Provides $3.5 Million in Revolving Credit to California-Based
January 23, 2013
LOS ANGELES – January 23, 2013 – Capital Business Credit (CBC) (www.capitalbusinesscredit.com) is providing $3.5 million revolving factoring facility to California-based Veratex, a manufacturer of world-class bedroom sets and decorative bath fashions, which sells to some of the U.S.’s largest retailers.
The Company sought out CBC because it went through some structural changes and needed a flexible financing solution that a traditional bank could not provide.
“Capital Business Credit is providing us with not only capital, but also with deep expertise in the home furnishings sector,” Said Avi Cohen, President, Veratex, “CBC’s ability to create flexible financing solutions combined with the fact that they have a strong presence in both California and China, where Veratex manufacturers its products, made them the perfect financing partner.”
“Capital Business Credit was able to design a facility to provide Veratex with the financing support to grow their business,” said Charles Sharf, Executive Vice President and New York Factoring Portfolio Manager, Capital Business Credit.
For more information about CBC’s factoring programs please visit www.capitalbusinesscredit.com or call Charles Sharf at 212-887-7908 or email@example.com.
About Capital Business Credit
Established in 1988, Capital Business Credit, LLC (www.capitalbusinesscredit.com) is a commercial finance company specializing in providing creative supply chain financing solutions. The Company’s service offerings include: full-service factoring; immediate cash for receivables; single debtor credit coverage; letters of credit; accounts receivable management services; inventory lending; and international financing. CBC Trade Finance, a division of CBC, provides trade finance solutions for U.S.-based importers working with Asia-based suppliers (exporters). Capital Business Credit is based in New York, with offices in Hong Kong; Shanghai; Los Angeles; Charlotte; NC; and Ft. Lauderdale, Fla.