King Trade Capital provided purchase order financing to a California-based company that sells hand sanitizer and sanitizing wipes. Beginning in February, King Trade Capital underwrote and began providing purchase order financing for the import of hand sanitizer, allowing the client to deliver an additional $40 million in sales to Walgreens, CVS and other stores during the peak of the COVID-19 pandemic.
A national asset-based lender that needed a PO finance partner to help scale the company’s sales contacted King Trade Capital. The lender had previously partnered with King Trade Capital, which structured and funded a PO financing solution within two weeks.
