TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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February 7, 2022
Source: King Trade Capital
King Trade Capital (“KTC”) is pleased to announce the completion of a $3,000,000 purchase order finance facility for a Pennsylvania-based housewares and party supply company.
The company contacted King Trade Capital after being introduced to them by their bank a few years ago. Over the past two years, the company expanded into other industries such as medical supplies and needed additional capital to support the growth of the company’s core business, housewares and party supplies.
The company has an existing asset-based lending facility with a leading national bank. KTC established an inter-creditor agreement with the incumbent bank, allowing both parties to provide the total liquidity the company needs to grow. The bank and King Trade Capital have worked together several times over the years ensuring that all parties worked quickly to help our mutual client receive the total liquidity it needs to keep growing its sales.
With King Trade Capital as their growth capital partner, the company is able to accelerate timely deliveries to their end customers, while maintaining good relationships with their overseas suppliers, as well as their bank. The purchase order finance facility also allows the company to continue to expand into other business verticals and sustain the growth of their core business.
About King Trade Capital
For almost 30 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. www.kingtradecapital.com Tel. 214-368-5100