King Trade Capital closed a $1.8 million purchase order finance facility for an aerospace parts company in support of their newly awarded U.S. Air Force contract.
The client approached King Trade Capital seeking a fast and flexible finance solution to support the acquisition and refurbishment of five nose landing gears required under the contract.
King Trade Capital was able to quickly underwrite the contract and provide the necessary funding to facilitate payments to the client’s supplier for the nose landing gears. The landing gears will be sent to a FAA certified facility to be refurbished and approved for delivery to the US Air Force.
The tailored finance solution from King Trade Capital provides the Client with the financing solution to purchase necessary aerospace components and have them refurbished or manufactured for delivery under their growing government contracts.
