Garmentrade Tailors Agreement With First International Bank; Finance Available

Compiled ByDeborah Austin Garmentrade Corp. has formed an alliance with First International Bank to offer online financing via www.garmentrade.com, a global Internet-based e-commerce trading platform launched in October for the textile and apparel industries. First International will make commercial and international credit products available online -- up to US$5 million per transaction -- to apparel manufacturers, designers, and textile mills that supply fabric and trim. Traders will be able to choose among 14 credit products. These online financing options will be integrated with the Garmentrade platform using ThruCredit, First International's solution for financing industrial transactions through the Internet. San Francisco-headquartered Garmentrade Corp. provides textile and apparel trading partners with Internet-based collaboration and sourcing tools. First International Bank is a subsidiary of Hartford, Conn.-based First International Bancorp Inc.