Daily News: October 11, 2017

TradeCap Partners Provides $175K PO Facility to Massage Chair Importer

TradeCap Partners provided a $175,000 import purchase order and inventory facility to a Texas company in the massage chair industry.

With a growing backlog of orders for its existing chairs and a recent launch of a new chair model, the client needed a creative finance solution to support growth. The company needed more capital than its current cash flow could support, only providing enough availability to meet baseline recurring demand.

TradeCap worked closely with the client to understand its finance needs related to recurring orders from long-time customers as well as demand in the marketplace for its newly launched SKU. TradeCap provided a purchase order and inventory finance facility that provided the capital necessary to fill firm orders and purchase additional inventory of the newly launched SKU.

With TradeCap’s finance solution in place, the client now has a turnkey inventory finance solution that will be used to meet the growing demand for its products and drive future sales.