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King Trade Capital Establishes $7MM Purchase Order Finance Line for NY Apparel Brand

March 02, 2021, 07:35 AM
Filed Under: Apparel

King Trade Capital (KTC) was contacted by a referral partner who was hired to seek capital for a New York-based apparel brand in need of capital to fund its’ growing inventory need to fulfill growing sales.

KTC was able to quickly assess the Client’s in-house pre-sold inventory and their supply chain finance needs and KTC offered a full trade cycle finance solution to help the Client execute upon the doubling their sales in 2021.

KTC’s PO finance solution was put in place along with two different non-recourse factoring companies that are factoring a diversified group of retailer’s invoices.

The PO finance solution KTC is providing consists of providing liquidity on pre-sold in-house inventory as well as offering letters of credit and cash payments to overseas suppliers to continue to grow the inventory supply chain necessary to fulfill future customer sales. The factoring companies will continue to provide the Client with additional liquidity once the inventory is delivered to the customers.

For almost 30 years, King Trade Capital has helped good companies grow their sales and profits by providing PO and supply chain finance solutions. KTC is operated by its founder and its entrepreneurial team that understands the financial needs of operating and growing a small to medium sized business. As pioneers in purchase-order financing and non-bank trade finance, King Trade Capital has developed the expertise and unrivaled financial capacity to help companies become more prosperous by providing them stable access to PO and supply chain finance solutions.

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