TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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April 30, 2024
Source: King Trade Capital
King Trade Capital is pleased to announce the completion of a $3 million purchase order finance facility for a growing home décor company in Arizona.
The home décor company became familiar with King Trade Capital after being introduced by another King Trade Capital client. The Arizona company was growing successfully but outgrew their previous credit facility and needed a finance solution allowing it to keep growing without having to tell customers no or slowing their deliveries.
They needed a finance source that understood and believed in their ability to grow sales, profitably. King Trade Capital moved quickly to underwrite the company and get comfortable with their various seasonal retail programs. KTC crafted a finance solution that would help the Client pay their overseas suppliers so they would produce the inventory needed to fill their growing orders.
The finance solution provided by King Trade Capital includes documentary letters of credit and cash payments to the overseas suppliers in order to support overseas production and ensure timely delivery of their products to fulfill seasonal programs with the retailers.
King Trade Capital worked together with the Client’s existing bank and their accounts receivable finance facility to provide the company additional liquidity once the bank advances on the receivables created from the King Trade Capital’s funding.
The Client, now can continue to grow profitable sales and seek more large orders and new customers with a complete trade cycle solution to support their growth.
About King Trade Capital
King Trade Capital has for over 30 years offered a consultive approach to purchase order and trade finance solutions. We utilize our own balance sheet and make funding decisions in house. King Trade Capital is uniquely independent in its decision processes and has no outside bank or fund ownership. We are still operated by the entrepreneur and founder, a pioneer in PO finance, along with our team of experts ready to provide growth capital for small to medium sized companies.
Visit www.kingtradecapital.com or call 214-368-5100.
