Apparel and Textile

At Comerica, we’ve become a leader in apparel and textiles services by becoming experts in the industry.

From collaborating with factors and credit insurance companies, providing working capital financing, and managing cash flow during economic competitive pressures, our apparel and textiles advisors bring decades of experience.

Advisors, not just bankers

Dedicated business financial advisors are here to help plan, guide and consult apparel and textiles businesses on planning, projecting, growing and protecting their earnings every step of the way.

Apparel and textiles specialists

A cotton importer is not the same as a dye mill. Obvious, but often overlooked in the financial industry.

Comerica brings a wealth of insight, and each of our relationship managers have more than 20 years experience serving the apparel and textile industries.

Business financial solutions

We begin by understanding every stitch of your business before we recommend how to help you compete.

Our needs-based consultative process is built around you and not us, with customized banking solutions that include:

Customized working capital lines of credit¹

Finance sales growth and cash flow
Seasonal inventory support
Finance receivables and inventory¹
Working alongside factors and credit insurance companies

Owner-occupied real estate

Purchase
Refinancing

Equipment financing and leasing¹

Financing or capital lease
100% financing

Global solutions

Standby Letter of Credit solutions¹
International cash management solutions
Financing in foreign currencies¹

Foreign exchange

Spot transactions
Forward and non-deliverable forward (NDF) contracts
Foreign currency swaps, options, deposits, loans and accounts

Hedging

Derivatives to reduce interest rate risk exposure
Hedging foreign exchange rate risk using spot, forward, swap and options trades

Cash management

Fraud protection
Corporate credit cards
Forecasting tools for optimal cash management

Merchant services

Secure payment processing
Contactless, wireless, mobile, e-commerce and point-of-sale solutions
E-commerce and online payments

175 years of experience

With 175 years of experience serving businesses, and the industry-specific knowledge your apparel and textile business needs, our long view enables us to provide fact-based insights tailored just for you.

Economic Commentary

Maximize your opportunities.

Get your complimentary consultation from the Leading Bank for Business*.

Contact Comerica at 888-918-9126.

*Comerica ranks first nationally among U.S. bank holding companies with greater than $70B in assets, based on commercial and industrial loans outstanding as a percentage of assets, as of June 30, 2024. Data provided by S&P Global Market Intelligence.

¹Loans subject to credit approval.

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Apparel and textiles