Impact Imports is a NJ-based company that manufactures and imports infant clothing for high-end department stores around the country.
In 2007, the company was at a crossroads. There was a change in ownership and Impact was in need of financing to support the change and fuel its growth and turnaround efforts.
During that time, Impact turned to Capital Business Credit (CBC) to provide full-service factoring, which included a revolving line of credit as well as the handling of the company’s credit and collections. CBC quickly realized that their business was undercapitalized and not only provided Impact with more leverage, but also helped them develop stronger relationships with their suppliers in China.
“For more than five years Capital Business Credit has provided strategic guidance with respect to issues impacting our industry. They are a valued partner.”
Gloria Lance, Inc. is a California-based women’s clothing manufacturer, whose clothing is sold in retail outlets throughout the United States.
In business for almost 30 years, Gloria Lance has operated in both good and bad markets.
In April 2011, Gloria Lance sought assistance from Capital Business Credit (CBC). Very quickly, CBC recognized the company’s potential and provided them a $4 million revolving credit line.
With the CBC credit facility, not only is the Company operating at a profit, but its growth trajectory shows signs that it may nearly double annual revenues over the next few years.
“CBC took the time to understand our business, get to know our management team and look at Gloria Lance as more than just numbers on a spreadsheet.”
“I was surprised at how easy the process to work with CBC is. They helped me identify the right financing for our company, and I was able to keep my attention on our business.”
“We understood that given the recession and current economy, it’s harder for banks to get a feel for the credit quality of smaller businesses. CBC provides the cushion necessary to allow us to service our customers, as well as make investments to grow.”
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