Zoic Clothing closed on new financing July 26 from California Bank & Trust.

 

Funding consists of a term loan that solidifies the capital base of the company and an accounts receivable factoring line that enhances the company’s seasonal borrowing ability. These facilities will allow the
company to better serve its dealers by maintaining optimal inventory levels and offering attractive payment terms.


“The added financing allows us to leverage the success of our products in the marketplace and grow awareness of the Zoic brand to build an organization that can better support our dealers and continue to deliver original, quality apparel for cyclists,” said CEO Paul Wyandt. “Steve DeLong and Jonathan Schuster from California Bank & Trust understood this and have been terrific partners through the process.”


 

The new financing for Zoic comes on the heels of record revenue for the first six months of 2013, hiring a national sales manager in April and relocation to a larger headquarters in June.

Zoic has been making apparel for mountain bikers, commuters and recreational bicyclists for 19 years.