King Trade Capital Provides $6 Million PO Finance Facility for Personal Hygiene Company
King Trade Capital is pleased to provide financing to a California-based company that sells hand sanitizer and sanitizing wipes. Beginning in February, KTC underwrote and began providing PO financing for the import of hand sanitizer allowing the client to deliver an additional $40 million in sales to Walgreens, CVS and other stores during the peak of the Covid 19 pandemic.
King Trade was contacted by a national asset-based lender who needed a trusted PO finance partner to help scale the company’s sales. Having previously partnered with KTC this lender was confident in KTC’s financial stability, capacity and 30 years of experience.
King Trade structured and funded a PO finance solution within two weeks, enabling the company to take advantage of the additional sales in a very tight shipping window.
For three decades, King Trade Capital has helped good companies expand their sales and profits. KTC is still operated by its founder and his entrepreneurial team who understand 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 needed to increase sales.