TradeCap Partners closed a $325,000 production finance facility to support a Michigan-based government contractor with a $635,000 fixed-price contract award.
TradeCap Partners closed a $370,000 production finance facility for a fast-growing activewear apparel brand in California.
TradeCap Partners closed a $550,000 import letter of credit facility for a West Coast beauty brand company. The funds will be used to support production and pay freight, duties and inland logistics costs.
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.
Few would argue that today’s ABL market is highly competitive. But a little creativity can give a company that extra edge to capture a deal. When Armada Skis came to Siena Lending to obtain new financing, Director Steven Fuscaldo recognized that PO financing was required as a bridge to cover its merchandise in transit. He called on King Trade Capital, and the two companies created a partnership that benefited all three companies.