King Trade Capital (KTC) funded a $3 million purchase order finance facility for a Texas-based apparel company with collegiate licenses.
Rapid growth in orders from both existing and new retail partners created a need for additional working capital to support production and delivery timelines.
The client was referred to KTC by its factoring company as the client sought a solution to bridge the gap between supplier payments and retailer receivables. After reviewing the client’s needs and order flow, KTC structured a PO finance solution providing cash payment to the client’s overseas suppliers.
“We are excited to support this fast-growing licensed apparel company as they scale to meet strong retail demand,” Andrew Chong of KTC said. “Our PO finance solution provides them the flexibility and liquidity needed to capitalize on their sales momentum.”
