King Trade Capital Provides a $4.5 million Supply Chain Finance Facility for NY Medical Gown Supplier

Friday, November 13, 2020

King Trade Capital is pleased to announce the completion of a $4.5 million purchase order-based supply chain finance facility for a New York based PPE distributor importing medical gowns to be delivered to the US Government.

King Trade was contacted by a nationwide asset-based lender that was asked to help find a PO Finance partner to finance the gown company’s large contract awarded by the US Government. The government contract created a supply chain finance need to help the client pay for the production of gowns manufactured in China and ship them to the US.

King Trade Capital worked with the asset-based lender to establish a complete finance solution for the client that offered supply chain financing for the production in China in conjunction with the asset-based lenders new receivable factoring line which provides liquidity after the goods are delivered to the government.   

The new PO supply chain finance solution coupled with the factoring facility provides the client the ability to fulfill large US Government orders as well as large orders from hospital groups and medical supply companies.

About King Trade Capital

For almost 30 years, King Trade Capital “KTC” has helped good companies expand their sales and profits by providing PO and supply chain finance solutions. KTC is operated by its founder and its entrepreneurial team who understand the needs of operating and growing a business along with how to structure and implement proper financing to aid in its’ growth. As pioneers in purchase-order financing, King Trade Capital has developed the expertise and unrivaled financial capacity to help companies become more prosperous by providing them stable and unique PO and supply chain finance solutions to help fulfill growing sales. Visit www.kingtradecapital.com  or call 214-368-5100.