Daily News: November 5, 2012

RMP Trade Credit Closes Three Transactions


RMP Trade Credit announced it completed three purchase order facilities totaling $1.64 million. The deals include:

  • a $1 million purchase order facility for iPhone cases with special security features for client in Texas. Through letters of credit, RMP Trade Credit will secure product for high-end specialty stores and chain stores. The deal was brought to RMPTC from a factor in Louisiana. The takeout is a factor in Louisiana.

  • a $140,000 purchase order facility for optical products for client in Kansas. RMP Trade Credit has secured several products domestically through wire, check payment (ACH), credit cards and made payment against documents on overseas shipments. The deal was brought to RMPTC by a broker out of Ohio and the takeout is a factor out of Tennessee.

  • a $500,000 purchase order facility for a meat distributor for a client in Denver. Through domestic purchases and letters of credit, RMPTC will secure the product shipping all over the world to distributors. The deal was brought to RMPTC by a broker in Washington state.