King Trade Capital Announces a $4.5MM Client Purchase Order Line Increase
May 1, 2024
Source: King Trade Capital
King Trade Capital (“KTC”) is pleased to announce the $4.5MM purchase order line increase for an existing client in the aircraft parts business.
The aircraft parts company initially received a PO finance solution from King Trade Capital to help execute upon the purchase and refurbishment of parts to fulfill $18 Million of purchase orders from major US airline and the US government.
The offering provided by KTC includes cash payments to the Client’s suppliers to purchase aircraft parts that are then sent to be repair shops to be repaired and/or refurbished before delivery and acceptance by the airline customers.
Upon delivery to the airlines our customer provides extensive paperwork and FAA certifications for the airline’s acceptance of the parts. Upon the acceptance and approval from the airlines our customers bank owned asset-based lender advances on the receivables and retires the KTC PO financing on the parts delivered.
KTC’s increased purchase order finance solution is providing the additional financial support necessary to help grow our clients’ sales an additional $30 million through Q1 of 2024.
About King Trade Capital
King Trade Capital has for over 30 years offered a consultive approach in offering its purchase order and trade finance solutions. We utilize our own balance sheet and make funding decisions in house. King Trade 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 a team of experts ready to provide growth capital for small to medium sized companies.
Visit www.kingtradecapital.com or call 214-368-5100.