Platinum Funding Group Provides $6 Million in Five Days to Texas Apparel Manufacturer

The importer of women's clothing was in need of rapid cash flow acceleration to support future growth.

New York (PRWEB) November 6, 2007 -- Platinum Funding Group, a leading factoring company, announced today a two-year, $6-million 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

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          

Daria Hall
Walek & Associates
212-590-0534   

About Platinum Funding Group:
Platinum Funding Group, a leading factoring company, provides clients with accounts receivable funding, letters of credit, bridge funding, and accounts receivable management. Established in 1992, the company has been consistently assisting companies with annual sales revenue between $1 million and $150 million. Platinum possesses the financial resources to serve the needs of clients across more than 30 industries. The company holds a leading position in factoring services, issuing same day advances on accounts receivable to start-ups, fast growing firms, and companies in Chapter 11. Platinum Funding Group is headquartered in New York City and has regional offices throughout the U.S.

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