King Trade Provides PO Finance Commitment for Importer
King Trade Capital announced the recent funding of a PO finance commitment for a European-based importer of toys and games.
King Trade Capital announced the recent funding of a PO finance commitment for a European-based importer of toys and games.
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.
King Trade Capital announced the recent funding of a $1 million government contract finance facility for a New Jersey-based manufacturer of customized emergency and surveillance vehicles.
King Trade Capital announced the recent funding of a $10 million PO finance facility for an importer and distributor of consumer electronics.
King Trade Capital announced it provided a $2.25 million purchase order finance facility for a Pennsylvania-based importer of sports fitness equipment owned by a private equity group.
King Trade Capital announced the recent funding of a $750,000 supply chain finance commitment for an Ohio-based importer of accessories.
King Trade Capital announced it provided an $11.5 million trade finance solution to support the needs of a public accessory distribution company. KTC said it worked “collaboratively” with Salus Capital Partners to structure a complimentary solution.
Tandy Brands entered into a new $29 million credit agreement with Salus Capital Partners. Proceeds went towards repaying indebtedness owed to Wells Fargo. The company also secured a master credit agreement with King Trade Capital.
King Trade Capital funded a $5 million purchase order finance commitment for an Illinois-based importer and distributor of novelty, craft and toy products.
King Trade Capital provided a NY-based wholesaler of portable lighting products a $3.5 million purchase order facility to support the company’s growth in orders.