Brookridge Completes $30MM PO Facility for Recreational Equipment Distributor

Brookridge Funding completed a $30 million purchase order funding facility for an importer and distributor of recreational equipment.

The client received large seasonal purchase orders from a customer and was not able to be financed by its existing asset-based lending facility. Brookridge established an intercreditor agreement with the ABL lender and financed $52 million of inventory.