Daily News: June 14, 2013

King Trade Sees Growth in Export Finance Volumes

King Trade Capital said it is seeing growth in export finance volumes from its portfolio of small to medium sized businesses.

King Trade said, according to a recent U.S. Commerce Department, Bureau of Economic Analysis (BEA) report, U.S. businesses exported $187.4 billion in goods and services in April 2013. This is the second highest level of exports ever and is in line with the healthy activity seen with KTC’s export clients. These export numbers are only topped by the $188.7 billion exported in December of 2012.

King Trade Capital’s founder and managing partner, Edward King, said, “This year alone our export finance numbers have doubled from this time last year and we are seeing increased demand for our purchase order and trade finance solutions.”