Daily News: August 14, 2012

RMP Trade Credit Completes Four Transactions


RMP Trade Credit (RMPTC) announced it completed four transactions in August totaling $2.75 million. The deals include:

  • a $750,000 purchase order facility for iPad docking points of service terminals for a client in Florida. Through letters of credit, RMPTC will secure product for major retailers. Takeout is a factor out of Florida.

  • a $750,000 purchase order facility for aircraft engines for client in Seattle, WA. Through domestic wires, RMPTC will secure the products for major airlines. A well-known factor out of California will serve as the takeout.

  • a $500,000 purchase order facility for tires and motor scooters for client in Toronto, Canada. RMPTC has secured products through letters of credits for major retailers in Canada and the U.S. The deal was brought to RMPTC from a broker out of Toronto and takeout is well-known factor out of Chicago.

  • a $750,000 purchase order facility for pet accessories (bowls and clothing) for large big box retailer in New Jersey. RMPTC will secure the products through letters of credit and takeout is a factor in Maryland.