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King Trade Capital Provides $1MM P/O Finance Facility to Footwear Manufacturer

December 13, 2017, 07:00 AM
Filed Under: Apparel

King Trade Capital announced that it has been selected to provide the seasonal finance solution to bridge the capital needs of an iconic US brand of footwear. King Trade’s financing allows the company to manufacture the additional inventory needed to add $3 million of sales in the first quarter.

The CEO of the company contacted King Trade Capital after learning about its services at a recent international trade show. King Trade was mentioned in a panel discussion about different finance solutions that can be utilized to produce inventory. After researching KTC, the company found that King Trade was recommended more than any other source for P/O finance.

An established brand, the footwear company is seeing a resurgence of interest due to current styling and a new generation of customers. As their sales grew, the company found itself in need of additional liquidity to manufacture increasing inventory in their U.S. factory.

“We are honored to be selected to provide an over-line finance solution that allows an iconic US brand and manufacturer to grow its inventory and sales," said Edward King, founder and managing partner of KTC. "King Trade Capital’s team has a history of fast, creative solutions that help small- to medium-sized companies take advantage of the opportunities to increase profits.”

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