DEBTOR FINANCE PRODUCTS A GROWING NICHE IN FASHION SECTOR
November 1st, 2016
Specialised debtor finance products for the garment industry are a niche area that continues to grow, and these services are increasingly being offered worldwide. Craig Michie, head of trade finance at Australasian debtor finance company Scottish Pacific, explained to just-style: “We see entry level businesses who need as little as AUD50,000 [USD38,000] and larger businesses who need upwards of AUD50 million but the challenge is the same for both – how to keep trading when the cash cycle is so long in the apparel trade,” he said.
A combination of ...
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