King Trade Capital completed a $4.5 million purchase order-based supply chain finance facility for a New York-based personal protective equipment distributor importing medical gowns to be delivered to the U.S. government.
King Trade was contacted by an asset-based lender that was asked to help find a PO finance partner to finance the gown company’s contract with the U.S. government. The government contract created a supply chain finance need to help the client pay for the production of gowns manufactured in China and ship them to the U.S.
King Trade Capital worked with the asset-based lender to establish a finance solution for the client that offered supply chain financing for the production in China in conjunction with the asset-based lender’s new receivable factoring line. which provides liquidity after the goods are delivered to the government.
The new PO supply chain finance solution coupled with the factoring facility provides the client the ability to fulfill U.S. government orders as well as orders from hospital groups and medical supply companies.
King Trade Capital is a provider of PO and supply chain finance solutions.
