By: Stephen Perl, MBA, MS Often businesses grow and mature and do not even realize that their growth is being inhibited from the lack of understanding Supply Chain Financing. Simply put, Supply Chain Financing is the efficient use of working capital to finance goods as a part of a larger process. Working capital is crucial
Los Angeles, CA – New U.S.-China trade door opened by China Mart® Group (USA) for Chinese companies at the same time President Hu opens the door politically in the U.S. China Mart® Group (USA) today signed an agreement with Qingdao government “Joint Marketing, Investment and Trade Promotion Exchange” at the Jiaozhou Government Building to create
Los Angeles, CA – 1st PMF Bancorp CEO Stephen Perl meets Los Angeles Mayor’s team and its MBOC (Los Angeles -Minority Business Opportunity Center) at the Mayor’s Finance Partners Meeting today. MBOC Executive Director Linda Smith and Mr. Perl agreed upon setting goals for a long-term partnership and further cooperation in the coming year. January
“Our software company struggled to maintain development while working with large clients requiring terms, but PMF created a receivable line that we could use when needed and not pay anything while not being used.” – OMI Software
“Our pallet manufacturer has been able to grow at more than 30% for the last 5 years of working with PMF.” – JSI Pallets
“The import financing PMF has given our business the ability to bring in multiple containers on a monthly basis and allowed our company to triple sales in one year.” – 1World Art Glass and Lamps
Associated Staffing specializes in maintenance and provides a $2,000,000 revolving A/R line to meet weekly payroll. “We started with PMF bancorp when we opened our business 10 years ago and with PMF’s continued support, our sales will exceed $50 million this year.”
Lucent Technology, manufacturer of auto products, provides a $1,000,000 revolving A/R line and trade finance line for Letters of Credit. “Our company has been able to finance imported products to meet the demand of our large U.S. retailers and then get access to receivable financing to grow our sales from $500k to almost $10 million
For almost 3 decades, 1st PMF Bancorp has financed small, medium and large manufacturers and wholesalers. Come watch why the family owned bank is the right choice for your business and see how they have helped other wholesalers and manufacturers get the necessary financing needed to enter new markets.
Friday, July 16, 2010: With fingers crossed, authorities have reported that the oil leak which has spewed an estimated 184 million gallons of crude from the seabed in the Gulf of Mexico since late April of this year, has been capped. While this serves as a triumphant moment for the residents and locals of affected
