King Trade Capital is pleased to announce the completion of a $5 MM purchase order finance facility for an Arizona based textile products company

Tuesday, June 12, 2018

King Trade Capital is pleased to announce the completion of a $5 MM purchase order finance facility for an Arizona based textile products company. 

 

King Trade Capital recently was contacted by and old client to help a new quickly growing company that needed financing to help scale up their business in light of incredibly fast sales growth.

The company was born of an idea that first resonated online direct to customers, and then had great success on the TV show Shark Tank. Shortly after their appearance on Shark Tank the company built an even bigger following through social media for their direct to consumer sales.

The success online and the great product idea brought an old client of KTC’s to work with the company and help them increase production capacity so they could attract and execute on deliveries to major brick and mortar retailers that wanted to place large orders. This relationship has significantly increased the companies need for capital to finance the production being brought in from Asia.

King Trade Capital was able to get comfortable moving forward with the new company due to the good product idea and our past relationship with the production partners. King Trade Capital worked quickly with the Client alongside a new factoring partner to structure an end to end finance solution that provides the Client the ability to fulfill the purchase orders from major retailers.  The solution consisted of issuing letters of credit to the suppliers overseas to get products produced and shipped to the end customers. The addition of the factoring company provides the Client with additional liquidity once goods have been shipped to the end customer.

The Client now has the ability to fulfill larger orders and add even more new customers with King Trade Capital supporting the future sales growth.

Andy Chong of King Trade Capital said  ”The solution King Trade Capital was able to provide will allow the company to expand their customer base and sales, while addressing liquidity issues experienced by many small growing companies. They can now grow without the worry that they will tap out their balance sheet and be unable to execute on growing sales.”

For more information about King Trade Capital and this transaction, please visit www.kingtradecapital.com and contact Edward King or Andy Chong at 214-368-5100 or Eking@kingtradecapital.com and achong@kingtradecapital.com