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and protection products for the industrial market.
With a reputation for innovation, Global Glove® knew that continuous product line variation and improvement was key to its success and future growth.
The Problem: Innovation is expensive. Global Glove® needed financing to expand their portfolio; however, the company’s majority shareholder were in China, and therefore their local bank was unwilling to extend a line of credit.
The Solution: Global Glove® partnered with UPS Capital in a Cargo Finance load to borrow against $500,000 of their in-transit ocean containers that were being carried via UPS. The loan quickly grew to a $4M line with the Global Asset Based Lending when they moved their small package pallet shipments to UPS.
The Results: By bringing in UPS Capital, Global Glove® was able to expand their product portfolio and profit. They added a new line of safety glasses and improved their profit margin by 5%. What can YOU do with UPS Capital?
Complete product information, additional case studies and white papers, as well as research studies with helpful insights surrounding risk mitigation can be found on the UPS Capital website
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