Radix Funds $3.5M for Designer Handbag Wholesaler Inventory

When the owner of a very profitable luxury and designer handbag dealer needed $3,500,000 to purchase inventory for the holidays, he called Radix. His own bank was offering less than half of what he needed, and being underfunded going into his most profitable time of year was less than ideal. Thankfully, he had seen Radix’s advertising a few months previously, and decided to give us a try.

BORROWER’S ISSUES

• Inventory was his only collateral.
• Owned no commercial real estate.
• Needed far more capital than his bank was willing to lend.

RADIX’S SOLUTION

Great credit? Great cash flow? Perfect. While other banks balked at this entrepreneur’s request, Radix was able to fully find him. Radix loves to help businesses that consistently turn a profit, even if their collateral is unconventional (or sometimes non existent). With our SBA 7a program, nothing is impossible.