Mias Fashion, a Santa Fe Springs, CA-based provider of full package apparel manufacturing and global sourcing solutions, received a $15m factoring facility.
White Oak Commercial Finance, LLC, a lender to the middle market, provided the line of credit secured against accounts receivable and inventory.
The company intends to use the funds to facilitate growth and provide additional access to working capital.
Founded in 1999 and led by Peter Ahn, President and CEO, Mias Fashion has produced products for many of the nation’s leading brands and retailers. The company is headquartered in Santa Fe Springs, CA with global operations in South Korea, Mexico and Vietnam.