PLATINUM FUNDING GROUP PROVIDES $6,000,000 FINANCING IN FIVE DAYS TO TEXAS APPAREL MANUFACTURER
NEW YORK (November 6, 2007)--Platinum Funding Group, a leading factoring company, announced today a two-year, $6,000,000 financing facility for Cal Stonewood Properties LLC (“Cal Stonewood”). Cal Stonewood is a women’s apparel manufacturer and importer located in Frisco, Texas. The company manufactures its products in China and distributes to discount retail chains in the United States.
A significant amount of recent growth in the company required an increase in working capital, which was provided by Platinum Funding Group via accounts receivable financing. Platinum was able to quickly fund the deal within the client’s requested time frame, which was only five days.
“With Chinese as the owner’s primary language, it may have been a challenge to some other factoring companies to turnaround financing so quickly,” said Eyal Levy, founder and CEO of Platinum Funding Group. “However, Platinum’s diverse team and ability to think outside of the box allowed for a speedy financing to help this small business acquire the funds it needed to continue operating smoothly.”
NOTE TO EDITORS: Platinum Funding Group is a leading factoring company, which specializes in providing cash from the outright purchase of a company's accounts receivable income stream, for small and middle market companies that need to fund internal growth, a recapitalization, acquisitions, working capital or to exit Chapter 11.
For more information, visit www.PlatinumFundingGroup.com
or contact:
Anna Belkina
Platinum Funding Group
212-944-2828 ext. 215
