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