King Trade Capital provided a seasonal finance solution to bridge the capital needs of a U.S. brand of footwear. The financing will allow the company to manufacture the additional inventory needed to add $3 million of sales in the first quarter.
The CEO of the U.S. based brand contacted King Trade Capital after learning about its services at an international trade show.
An established brand, the footwear company saw a resurgence of interest due to current styling and a new generation of customers. As sales grew, the company found itself in need of additional liquidity to manufacture increasing inventory at their U.S. factory.
King Trade Capital designed a solution which allows the company to build inventory and stage it for seasonal deliveries. King Trade offered speed and flexibility to finance the manufacturing in the company’s own facility while allowing the company to manage its cash flow.
Edward King, founder and managing partner of KTC, said, “We are honored to be selected to provide an over-line finance solution that allows an iconic US brand and manufacturer to grow its inventory and sales.”