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Newbridge Provides More than $40 Million in Financing Facilities to Global Companies
December 4, 2019
Source: Newbridge Global Sourcing
Newbridge Global Sourcing (“Newbridge”), a leading specialty finance company, recently provided a $40 million receivables financing facility to a telecommunications equipment manufacturer headquartered in Mexico. The manufacturer is the largest provider of mobile telecommunications equipment with strong end debtors such as AT&T.
“We are focused on helping companies grow by unlocking additional working capital,” said Brian Weiner, CEO of Newbridge. “The financing provided by Newbridge will enable our client to reinvest in their business in a growing telecommunications market. We look forward to continuing to partner with them to assist in their expansion.”
In addition, Newbridge provided $500,000 in supply chain financing to a leading designer and manufacturer of high-quality outdoor apparel to purchase inventory and fill customer orders. The specialized apparel company’s brands are known for innovative design and superior quality products and are sold at major department stores, sporting goods stores, mass merchant retailers, and national online retailers.
“Our client has a strong track record and a thriving business,” Weiner said. “Like many businesses selling to retailers, they faced a cash flow shortage between paying vendor costs and collecting after the product was manufactured and sold. Access to supply chain financing provides them with raw materials to fulfill large orders or build inventory and continue to grow.”
Newbridge helps clients in a variety of industries capitalize on opportunities and eliminate cash flow volatility with flexible funding solutions.
Headquartered in New York City, Newbridge is an alternative capital provider which provides flexible capital solutions such as Supply Chain Finance, Payables Funding, Accounts Receivable Financing and Asset-Based Lending to SMEs and large enterprises with revenues of $10 million to $500 million in a wide range of industries. Newbridge provides a differentiated supply chain finance product that supplies businesses in a growth mode with additional working capital. For more information, visit www.newbridgegs.com.
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