Daily News: June 28, 2012

King Trade Provides $7.5 Million Export Finance Commitment


King Trade Capital (KTC) announced the recent funding of a $7.5 million export finance commitment for a Canadian-based exporter of equipment and vehicles.

King Trade Capital was introduced by an asset-based lender that felt KTC would have the financial capacity and expertise to create an export finance solution for the client. The exporter was seeking a finance solution to support its growing demand to export equipment and vehicles to its Asian customers. When KTC first reviewed the opportunity it was not structured in a manner that was in KTC