King Trade Capital Provides a $5,500,00 PO Finance Facility to Fragrance and Accessories Company

Tuesday, June 20, 2017

King Trade Capital is pleased to announce the closing of a purchase order facility for a New York based fragrance and accessories company founded by a legend in this industry.

The company, a startup with an experienced management team, was in need of a flexible finance solution to help support the manufacturing of products to fulfill $11,500,000 of purchase orders from a large retailer. Despite the lack of operating history of the company, King Trade focused on the experience of the management team, their prior track record in the industry and history with the retailer from past businesses.

Given the number of suppliers involved and multiple third-party locations from which product would be shipped, King Trade structured a facility to provide letters of credit and documents against payment financing based on the terms of each specific supplier. Additionally, availability under the facility was provided to support payment of freight and logistics costs as well as third-party fulfillment and storage costs.

King Trade’s solution will allow the company to demonstrate to the retailer their ability to fulfill large seasonal orders despite only being in business for a short period of time. It will also provide the company with the support needed to fulfill future programs of similar size or larger as they continue to grow their business.

King Trade Capital is the country's oldest and largest independent purchase order finance, trade finance, and contract finance company supporting small and middle-market companies. Since 1993, King Trade Capital has provided more than $2 billion of capital to over 400 public and private companies in the US, UK and Canada. Contact 214-368-5100 or info@kingtradecapital.com