DALLAS—A recent arrival on the adult scene, C.O.D. Capital made its first foray into the industry last month by announcing a check guaranty service to finance C.O.D. shipments between vendors and retailers.
Now, the Dallas-based financial institution has another big idea: to build a bridge between adult industry retailers in the United States and international manufacturers.
Toward that end, C.O.D. has inked its first international deal with a large adult manufacturer in China: Hongkong Cupid Limited. (Find out more about the company at Cupidove.com.)
Regional Sales Director Tony Albritton is eager to spread the news about this deal, which he believes will be the first of its kind for C.O.D. Capital. “Other manufacturers in other parts of the globe are highly interested,” Albritton said. He reports that he has just firmed up a deal with a large adult leather manufacturer in Pakistan and the United Kingdom.
Traditionally when retailers order from a Chinese manufacturer, they have to put out cash upfront. But according to Albritton, C.O.D. Capital allows the retailer to purchase merchandise from a vendor that they might not ordinarily be able to obtain. Based upon C.O.D. Capital’s underwriting of the retailer and because of the check guaranty to the vendor, the retailer is able to place orders with the vendor and have the vendor ship to the retailer on a C.O.D. basis.
Also for the benefit of the retailer, Albritton explained, C.O.D. Capital does not deposit the retailer’s check immediately once it’s received. C.O.D. can hold the check for 30 days or even 60 days from the date the merchandise was received, which allows the retailer time to sell merchandise before they have to pay. In addition, C.O.D. Capital can structure payments into smaller increments on large orders to make the payments more affordable for the retailers. All the while, C.O.D. Capital will have paid the vendor upon the receipt of the checks, based upon pre-determined funding arrangements.
“C.O.D. is bridging the markets,” Albritton said. “I spent countless hours at night Skype with overseas manufacturers. Vendors are jumping aboard. I want retailers small and large to get aboard as well. Companies like Cupidove.com (China), Ami-Muha Leather BDSM Products (Pakistan) and Slendourz.com (U.K.) are now offering terms through us to American retailers.”
According to Albritton, adult brick-and-mortar retailers can sign up with C.O.D. for no charge. “We can free up your cash flow and increase sales, and we have interest rates you wouldn’t believe,” he said.
Albritton can be reached at [email protected] or (817) 317-6289.
