King Trade Capital expanded a finance relationship with an existing client in the telecom business, increasing its facility to $13 million.
KTC has been providing a $9 million PO finance facility to allow the telecom clients to increase their sales to the two largest mobile carriers in the U.S.
With King Trade’s support, the company added additional sales that are on target to more than triple last year’s revenues.
As a result of the continuing growth, King Trade Capital has expanded its PO finance facility to $13 million so the client can continue to grow its sales keep its supply chain full without having to sell equity do so.
Edward King, founder and managing partner of King Trade Capital, said, “We are pleased with our client’s success and are happy to offer our financial support to help these industry experts rapidly grow sales and profits. We are humbled and appreciative of their continuing confidence in our team.”