TradeCap Partners funded a $3 million purchase order finance facility for a pet nutrition manufacturer and distributor based in the Northeast. The facility is designed to support a combination of domestic production and imported pet nutrition products from multiple suppliers.
The client required a flexible financing solution to support two avenues of growth. The company had landed a new, private label retail program, replacing existing vendors and their bulk wholesale business was growing rapidly. The opportunity was referred to TradeCap by a trusted asset-based lender familiar with the company’s strategic plans.
TradeCap structured a purchase order facility that provided an advance rate covering 100% of the cost of goods, as well as related freight, duties and tariffs. The facility allows for payment against documents for goods in transit, ensuring the company can efficiently manage inventory and meet growing demand.
