King Trade Capital (KTC) established a $7 million purchase order finance line for a New York-based apparel brand.
KTC was contacted by a referral partner that was hired to seek capital for the brand, which was in need of capital to fund its inventory need to fulfill sales. KTC assessed the client’s in-house pre-sold inventory and its supply chain finance needs and offered a full trade cycle finance solution to help the client double sales in 2021.
KTC’s PO finance solution was put in place along with two different non-recourse factoring companies that are factoring a diversified group of the retailer’s invoices.
As part of the PO finance solution, KTC is providing liquidity on pre-sold in-house inventory as well as offering letters of credit and cash payments to overseas suppliers to continue to grow the inventory supply chain necessary to fulfill future customer sales. The factoring companies will continue to provide the client with additional liquidity once the inventory is delivered to the customers.
KTC is a provider of purchase order and supply chain finance solutions.
