Daily News: January 28, 2013

King Trade Capital Provides PO Financing for Apparel Importer

King Trade Capital recently funded a $1.25 million purchase order finance facility for a Florida-based importer of active wear apparel.

King Trade Capital was introduced to the client by their factoring company after the client inquired about needing a purchase order finance relationship. The client wanted a PO finance source that could easily coexist with the factor in order to support financing the inventory required to fulfill a seasonal program from a major retail chain.

King Trade Capital established an inter-creditor agreement with the factor which allowed the company to finance the entire supply chain using alternative finance channels. As a result, this enabled the company to substantially increase its business with the chain for 2013.

King Trade Capital is an independent purchase order and contract finance company focused on providing purchase order and contract financing for small- to middle-market companies nationwide.