King Trade Capital is pleased to announce the successful completion of a $2.1 million purchase order finance facility for a California-based dry baked goods manufacturer.

The client, a previous client of King Trade Capital, reached out through their private equity owners after a very successful growth initiative in previous years utilizing KTC’s PO financing. They returned to KTC for a PO financing solution to support a large holiday program awarded by a national grocery chain.

King Trade Capital moved quickly to underwrite the purchase orders and tailored a solution that enabled the client to pay multiple vendors for the raw materials and packaging necessary to manufacture and fulfill more than $4 million in seasonal orders.

The facility, provided in conjunction with the client’s existing asset-based lender, delivers a comprehensive manufacturing finance solution. It not only gives the client the liquidity needed to fulfill its seasonal backlog, but also positions them to pursue and support larger growth opportunities moving forward.

About King Trade Capital

For 32 years, King Trade Capital has helped good companies grow their sales and profits by providing PO and supply chain finance solutions. KTC is operated by its founder and its entrepreneurial team that understand the financial needs of operating and growing a business. As pioneers in purchase-order financing and non-bank trade finance, King Trade Capital has developed the expertise and unrivaled financial capacity to help companies become more prosperous by providing stable and unique PO and supply chain finance solutions. 

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www.kingtradecapital.com