TradeCap Partners closed a $5.5 million purchase order facility for an East Coast-based audio/visual-IT integration company to support a large public sector contract award to upgrade existing technology.
TradeCap has closed a $350,000 purchase order facility for a CA-based importer of scooters and skateboards selling to big box retailers in the U.S. and Canada.
TradeCap Partners closed a $1.5 million purchase order funding facility for a Texas cosmetic distributor selling to a national subscription box company.
TradeCap Partners closed a $500,000 purchase order funding facility for a Massachusetts distributor of cenospheres used in the oil and gas and consumer products industries.
After working together for almost a decade at King Trade Capital, Bryan Ballowe and Clinton Stanton launched TradeCap Partners in July. The pair spoke to ABF Journal Editor Nadine Bonner and explained how they are working to partner with other lenders to provide lower middle market borrowers with complete financing solutions.
There are many pitfalls along the supply chain that impact cash flow, especially when working with overseas suppliers. Bryan Ballowe illustrates ways purchase order finance can help maintain liquidity and provide a structure that supports successful merchandise delivery.
Since PO funding is transactional and specific to end customer purchase orders, a company is able to access additional capital to sustain incremental growth or seasonal sales even when its balance sheet won’t support additional borrowings from a traditional lender.