Stenn Closes $2,000,000 Receivables Finance Program for Sporting Goods Importer in USA

Stenn International has closed a seven-figure trade receivables finance program for a trading company based on the Westcoast that sources sporting goods from the Asia-Pacific region. This new financing program is being used to free up working capital to support sales expansion. Golf is one of the industries to flourish during the coronavirus outbreak. Beyond courses and clubs, other consumer-focused sectors in golf are also thriving during the pandemic.

The importer’s Asia-Pacific suppliers engaged with Stenn to receive payment at the time of invoicing and shipping of goods. The importer benefited from open account payment terms that allowed for payment at a later date. In this way, Stenn’s program provides liquidity to both parties in the trading relationship.

About Stenn

Stenn provides innovative finance solutions that unlock working capital in global supply chain chains, improving cash flow and increasing flexibility for suppliers, intermediaries and buyers. Our products cover the entire supply chain. Founded in 2015 with headquarters in London, Stenn has approved buyer and supplier jurisdictions in over 100 countries around the world.

For more information about Stenn, please visit www.stenn.com and contact Peter Clement at +1 (914) 393-3775 or peter.clement@stenn.com.