Presidential Financial and Mountain Khakis:
A New Day in the Life of Pants -- Building a Success Story One Leg at a Time
Amid gloom in the retail and financial markets, Mountain Khakis (MK) is a small business success story, and is set for a prosperous year selling its "hips down" lifestyle apparel.
"We started Mountain Khakis from a watercolor sketch, brought it to life and have just completed our fourth year of shipping one of the hottest outdoor pant brands in the industry. We are now approaching the milestone of 1,000 stores with our offering around the U.S., Canada and Japan," said Terry D. Greenwood, founding partner of Mountain Khakis.
Financing Challenges
Financing was a challenge MK faced in December 2008. Just a few months away from the second largest production period of the season, MK found itself in the undesirable position of having to replace its senior lender. In the face of the worst financial market in U.S. history, the company had to position a new multi-million dollar line of credit. Not only did they face the challenges of the current credit market, but as a five-year-old company, they needed to find a lender that could look beyond their short history and see the opportunities that lay ahead.
Mountain Khakis chooses Presidential
Mountain Khakis found three financing options, but CEO Tom Matthesen, and his team at Presidential Financial, was the most pro-active, moved quickly and demonstrated a personal interest in understanding Mountain Khakis' needs. Prevalent throughout the Presidential organization is Matthesen's passion for small business and his belief that small business helps drive a successful economy. Presidential Financial implements this belief as it strives to find and support deserving companies and entrepreneurs. The company recognized MK's achievements and knew it would continue to succeed.
"Talking with Tom is like talking with a partner. Presidential worked hard to pull our financing together - thoughtfully, yet expeditiously. It feels like they believe in us," said Greenwood.
"We are proud to have Mountain Khakis as part of our team," said Matthesen. "This company is a perfect example of the type of business we seek to serve. Because of the strong and knowledgeable management team, its strategic plan and the steady sales growth of a great product, Mountain Khakis is poised to suceed. We are excited to be a part of this success."
About Mountain Khakis and Presidential
Mountain Khakis has offices in Jackson Hole, WY and Charlotte, NC. Their pants are staples in the wardrobe of everyone from ranch hands to golf pros, those who travel by jet, as well as those who travel by thumb. The Mountain Khakis brand story continues to resonate as it connects to the enthusiast who believes that freedom and rugged adventure is a way of life.
Presidential Financial Corporation specializes in asset-based credit lines for commercial and healthcare companies. Founded in 1981 and headquartered in Atlanta, the company serves clients nationwide.
Visit Mountain Khakis' website at www.mountainkhakis.com
Visit Presidential Financial's website at www.PresidentialFinancial.com
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Established in 1981, Presidential Financial is a national asset-based strategic lender that provides working capital lines-of-credit to growing companies. The firm offers customized and flexible financing solutions, including lines-of-credit from $200,000 to commercial companies and lines-of-credit from $500,000 to healthcare organizations. Headquartered in Atlanta, privately held Presidential serves the entire U.S. The company is primarily owned by institutional investors, including Harbert Management Corporation, and Presidential executives. For more information visit
www.presidentialfinancial.com.