TradeCap Partners, a provider of purchase order funding, closed a $350,000 purchase order finance facility for a startup candy distributor led by a management team with extensive industry experience.
TradeCap was introduced to the company by an East Coast factor that recognized the need for additional working capital to support the company’s initial customer orders.
The facility provides funding for 100% of the cost of goods, including related freight and duties, enabling the company to efficiently procure inventory from suppliers in the U.S. and abroad. TradeCap’s solution includes cash-in-advance funding for domestic suppliers, as well as payment-against-documents financing and letters of credit for internationally sourced goods.
With the facility in place, the company has the capital needed to execute on initial orders from multiple customers and confidently fulfill new sales opportunities. The additional working capital provides the management team with the financial flexibility to focus on building customer relationships, expanding its sales pipeline and growing the business.
