King Trade Capital Provides Complete Import Production Finance Solution for Japanese Whisky Brand

Friday, July 03, 2020

King Trade Capital is pleased to announce the financing of a new Japanese Whisky brand being rolled out to major liquor store chains across the US.

King Trade was contacted by a creative banker that was familiar with King Trade Capital from past direct inter-creditor experience. He had been approached by a growing beverage business to help finance the roll out of their new Japanese whisky brand. The banker immediately put the company in touch with King Trade Capital as the risk was more in line with KTC’s PO finance discipline.

King Trade listened to the story and learned of the owners experience in the liquor industry and decided to take on the production risk to get the well-known Japanese distilleries to bottle the whiskey while KTC’s client collected and finalized their $5.6 million in initial orders.

KTC provided cash payments to get the liquid bottled at the distilleries and then is paying the balance upon completion and shipping from Japan. KTC provided their client a $3.7 million full-service solution to start their new brand.

Due to KTC’s quick commitment an funding the company is able to execute and collect orders that are far in excess of the first production run. The company has already decided to double their purchase for the next production run based on the unmet demand from the first deliveries.

King Trade is working in conjunction with a factor that is advancing on the receivables once the goods are delivered to the end customers.

Andrew Chong at King Trade said “This is an excellent example of the value add that King Trade Capital brings as a PO finance partner when a business is trying to scale sales. The company has launched a new brand and hasn’t had to sell equity to do so.”

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. As a 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.