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Apparel Industry
California is a major gateway for the apparel industry and home to some of the nation's most successful manufacturers, importers and exporters. As the region's leading independent bank and an expert in international trade finance, City National is uniquely qualified to meet the special needs of apparel companies.
We have a team of relationship bankers specifically dedicated to the apparel business who are backed by the full resources of our International Department. That means you get knowledgeable, personalized service and the ability to facilitate domestic and overseas transactions, including dealing in many different currencies.
Full Range of Services
City National Bank offers a full range of financial services to the apparel industry, including:
- Accounts Receivable financing
- Inventory financing
- Import/export letters of credit and bankers' acceptances
- Foreign exchange services,including hedging and forward contracts
- Foreign wire transfers and drafts
- International payments and collections
- Insured foreign credit for buyer financing
- Government-guaranteed export lending programs
Apparel companies must be able to respond immediately to shifts in product sourcing, move goods to the retail level quickly and reliably, cover their risks and maintain their margins. Each company and each situation requires an individualized, relationship-driven approach to the challenges involved.
Getting Started
To learn more about how the Apparel Division can help your business, contact us or call (800) 281-5656.
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