King Trade Capital Provides $5 Million PO Finance Solution for a Texas based Distributor
King Trade Capital is pleased to announce the financing of a PO finance facility of $5 million to help a Texas based distributor purchase and sell sanitizing wipes to 7-11, Walgreens and other national retailers.
King Trade was contacted by a national factor who needed a trusted PO finance partner to help scale the company’s sales. King Trade has partnered previously with the factor and they were confident in KTC’s financial stability, capacity and 30 years of experience executing on opportunities during crisis.
King Trade quickly structured a PO finance solution utilizing letters of credits as well as cash payments against presentation of documents. The PO finance solution coupled with the factoring offers the company the flexibility to take larger orders than they could finance with their own balance sheet and cash flow.
For three decades, King Trade Capital has helped good companies expand their sales and profits. KTC is still operated by its founder and its entrepreneurial team who understands the needs of operating and growing a business. A true pioneer in purchase-order finance, King Trade Capital has the unrivaled expertise and financial capacity to help companies become more prosperous by providing stable and unique PO finance solutions to grow sales.