Martin Foil's company sells yarn that winds up in clothes from the Gap, Ralph Lauren and American Apparel, and business is growing. He's buying new machines and hopes to hire as many as 200 workers this year.
When he decided to expand into a shuttered yarn factory in North Carolina, he borrowed $11 million recently from Wells Fargo to buy it.
"It was a Hanes factory that was closed for a couple of years and had some good equipment – we knew we could crank up that place," said Foil, who also used the loan to buy equipment and another factory in South Carolina. "We have the advantage of being stronger at a time when others aren't."
没有评论:
发表评论