King Trade Capital announced the recent funding of a $1.4 million purchase order facility for a Texas-based importer and distributor of leather goods and accessories.

The facility provides financing of the necessary inventory through use of letters of credit, cash against presentation of documents, and also provides additional capacity to support payment of freight, logistics and duties as needed by the company.

The facility was structured in tandem with a factor’s receivable facility to provide the company with a finance solution, which provides increased credit availability for inventory to fulfill a backlog of purchase orders and additional liquidity on the accounts receivable once those orders have been fulfilled.