TradeCap Closes $250K Facility for Piping Distributor
TradeCap Partners closed a $250,000 supply chain finance facility for a Maryland-based pipe distribution company.
TradeCap Partners closed a $250,000 supply chain finance facility for a Maryland-based pipe distribution company.
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.
TradeCap Partners provided a $175,000 import purchase order and inventory facility to a Texas company in the massage chair industry.
TradeCap Partners funded an oilfield equipment distributor and a furniture distributor through its small business finance channel, closing both transactions within five days of engagement.
TradeCap Partners closed a $2.2 million production finance facility for a North Carolina producer of mattress covers.