Asset-Based Lenders Give Fashion Companies New Options
Asset-Based Lenders Give Fashion Companies New Options
By: Bradley W. Snyder
Many industries in North America—including apparel—continue to face financing challenges due in no small measure to the pullback from today’s more risk-averse national banks. This post-Covid-era trend is part of the reason for an increase in distress and bankruptcy filings among retailers and wholesale distributors.
In many cases, distressed companies are operating with higher-than-optimal inventory levels—a holdover […]