King Trade Capital Provides $3MM PO Finance Facility to Home Décor Company

King Trade Capital completed a $3 million purchase order finance facility for a home décor company in Arizona._x000D_
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The home décor company became familiar with King Trade Capital after being introduced by another King Trade Capital client. The Arizona company was growing but outgrew its previous credit facility and needed a finance solution that would allow it to keep growing without having to decline customers or slow down deliveries._x000D_
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King Trade Capital underwrote the company and got comfortable with its various seasonal retail programs, crafting a finance solution that would help the client pay its overseas suppliers in order to produce the inventory needed to fill growing orders._x000D_
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The finance solution provided by King Trade Capital includes documentary letters of credit and cash payments to the overseas suppliers in order to support overseas production and ensure timely delivery of products to fulfill seasonal programs with retailers._x000D_
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King Trade Capital worked together with the client’s existing bank and its accounts receivable finance facility to provide the company additional liquidity once the bank advances on the receivables created from King Trade Capital’s funding.