Daily News: October 19, 2012

RMP Trade Credit Closes Three Transactions


RMP Trade Credit (RMPTC) announced it closed three transactions totaling $1.5 million. The deals include:

  • a $1 million purchase order facility for skateboards for a client in California. RMP Trade Credit will secure merchandise for large online retail chains through use of letters of credit. RMPTC worked with a well-known factor out of Dallas as the takeout that also referred the deal.

  • a $350,000 purchase order facility for workout chairs for a client in Massachusetts. RMP Trade Credit will secure the products through letters of credit for a large big box retailer. The deal came directly from a factor and the takeout is a factor in New York.

  • a $150,000 purchase order facility for cosmetics products distributor for a client in Toronto. RMP Trade Credit secured products through wiring funds for major retailers in Canada. The deal was brought to RMPTC from a broker out of Toronto and takeout is from well-known factor out of Toronto.