TradeCap Partners funded a $1 million purchase order finance facility for a Texas-based manufacturer of steel wire. The facility was structured to support the company’s growing production demands and address immediate working capital needs.
The client, experiencing a surge in order volume, faced challenges securing the steel necessary to fulfill its backlog due to limited cash flow. Without sufficient liquidity, the company was unable to purchase the full allocation of steel from its primary supplier, which hindered its ability to manufacture and ship products efficiently. The opportunity was referred to TradeCap by a factoring company familiar with the client’s situation.
TradeCap structured a purchase order facility that covered the cost of steel, fabrication and transportation. This funding solution allowed the manufacturer to accelerate production and fulfill orders.
