Daily News: September 7, 2017

King Trade Funds $2MM PO Facility to Pop Culture Company

King Trade Capital funded a $2 million purchase order financing commitment for a licensed pop culture products company on the West Coast.

King Trade Capital was introduced to the company by a national factor as the company was working towards establishing a factoring facility to help with the company’s sales growth. The factor quickly identified that the company needed even more capital to keep up with the growth and brought in King Trade to provide a unique purchase order finance solution.

The company had seen success and was currently being banked by a local bank. The relationship with the bank worked well with slow growth, but when larger and larger opportunities came along the company became heavily constrained by the traditional balance sheet lending the bank provided. The factor and King Trade worked together on a full supply chain solution which provided the company the growth capital needed to manufacture and import its products in order to fill their ever increasing orders.

King Trade provided a purchase order finance solution to acquire the inventory, and the factor is advancing on the ever increasing receivables. These solutions in tandem offer the company the growth capital it needs to see profits grow.