LOS ANGELES—Mercantile Capital Corp. recently provided funding for two fashion brands to relocate to Los Angeles. INSX Inc. and Diamante D. Jeans have moved to facilities on South Crocker Street.
The deal is valued at $8 million in total project costs and was financed through a U.S. Small Business Administration 504 loan.
“Small business entrepreneurs all across the nation are using 504 loans to expand their operations, create jobs, and grow their businesses,” said Christopher G. Hurn, CEO of Mercantile Capital, in a statement.
The wholesale clothing companies now have a larger showroom for their collection of denim, which is manufactured in China and sold throughout the United States, Canada, Venezuela and Mexico.