Asset-Based Lending for the Fashion Industry

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Asset-Based Lending for the Fashion Industry

For every fashionista that must have the latest trends in her closet, there is a designer creating clothing as quickly as possible. A manufacturer makes the garments and sends them out to buyers and stores. One thing that holds true with the fashion industry is that today’s trends can quickly become tomorrow’s cast-offs. Fashion is a fast-paced industry, so companies must be ready and able to pump out the latest fashion trends quickly, while they’re still in demand. Anything not sold before the season ends is unlikely to move off the racks. For designers and manufacturers, having the funding available to create clothing ensures survival in a competitive market.

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