King Trade Capital (KTC) increased a finance facility by $2.5 million for an existing dry baked goods manufacturing client. The company is utilizing KTC’s purchase order-based production finance facility to help manufacture the inventory to fulfill its seasonal orders.
Due to the seasonality of the business, the client needed more availability than its existing asset-based lending facility allowed. KTC approved and funded the client’s increased capital needs within four business days of the clients’ new request. This funding increase allows the company to execute efficiently and smoothly on current order increases with major customers.
