King Trade Capital Increases Telecom Clients Facility to $13 million

Wednesday, June 19, 2019

King Trade Capital is pleased to announce an expanded finance relationship with an existing client in the telecom business.

KTC has been providing a $9 million PO finance facility to allow the telecom clients to increase their sales to the two largest mobile carriers in the United States.

With King Trade’s support, our client added additional sales that are on target to more than triple last year’s revenues.

As a result of the continuing growth, King Trade Capital has expanded its’ PO finance facility to $13 million so that our client can continue to grow its sales keep its’ supply chain full without having to sell equity in order to do so. Edward King, founder and managing partner of King Trade Capital, said, “We are pleased with our client’s success and are happy to offer our financial support to help these industry experts rapidly grow sales and profits. We are humbled and appreciative of their continuing confidence in our team.”

For 27 years, King Trade Capital has helped good people and good companies increase their sales and profits through offering the broadest array of PO, trade, contract, and bridge finance solutions available. We are pioneers in purchase-order finance and have the unrivaled expertise and financial capacity to help our clients and portfolio companies prosper.  Our mission is to help good companies thrive by providing stable, reliable, and unique finance solutions to bridge the company’s capital needs when a traditional finance offering can’t. We work with other senior lenders in a complimentary manner to provide the best finance solutions available. To learn more please visit: www.kingtradecapital.com or email: info@kingtradecapital.com or call 214-368-5100.