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King Trade Capital Provides a Seasonal $2.5MM PO Finance Facility
October 29, 2024
Source: King Trade Capital
King Trade Capital is pleased to announce the completion of a $2.5MM purchase order finance facility for a returning client in support of their seasonal sales needs.
An old client that KTC has financed in several different businesses, contacted King Trade Capital to help provide a PO finance solution in support of their growing holiday sales.
Due to quickly growing sales the client urgently needed a purchase order finance solution to secure payment to their overseas supplier to fulfill their seasonal orders.
King Trade worked quickly to underwrite the end customers purchase orders and issued a letter of credit on behalf of the client to their overseas manufacturer to ensure the client would meet the delivery deadlines set by their retail customers.
Andrew Chong said, “This is a client we have worked with many times over the years and have seen them perform with many different products going into retail. We are pleased to continue our relationship with the principals of the company and have offered them a finance solution that allows them to secure the inventory necessary to meet their seasonal orders. We are proud to be a reliable finance partner, capable of acting swiftly and effectively.”
About King Trade Capital
For 31 years, King Trade Capital has helped small to medium sized 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 understands 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
An old client that KTC has financed in several different businesses, contacted King Trade Capital to help provide a PO finance solution in support of their growing holiday sales.
Due to quickly growing sales the client urgently needed a purchase order finance solution to secure payment to their overseas supplier to fulfill their seasonal orders.
King Trade worked quickly to underwrite the end customers purchase orders and issued a letter of credit on behalf of the client to their overseas manufacturer to ensure the client would meet the delivery deadlines set by their retail customers.
Andrew Chong said, “This is a client we have worked with many times over the years and have seen them perform with many different products going into retail. We are pleased to continue our relationship with the principals of the company and have offered them a finance solution that allows them to secure the inventory necessary to meet their seasonal orders. We are proud to be a reliable finance partner, capable of acting swiftly and effectively.”
About King Trade Capital
For 31 years, King Trade Capital has helped small to medium sized 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 understands 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
