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King Trade Capital Provides $5MM Purchase Order Finance Facility to Telecom Company

November 16, 2021, 07:45 AM
Filed Under: Telecom

King Trade Capital announced the completion of a $5 million purchase order finance facility for a Georgia-based telecommunication device supplier.

The company reached out directly to King Trade Capital after being referred by a previous King Trade client. The company was seeking a purchase order finance solution that would help support their rapidly growing orders with a large U.S. based information technology products customer. King Trade Capital was able to quickly underwrite the supplier relationship and customer contracts to structure a trade finance solution that would help the client increase the overseas production of their equipment.

King Trade Capital worked closely with the customer and the SBA to gain subordinations under several Economic Injury Disaster Loans the client received during the pandemic. The trade solution consisted of issuance of documentary letters of credit to their overseas supplier to accelerate the production of the company’s devices to meet the increasing needs of the end customer. The finance solution put in place by King Trade Capital will ensure timely delivery of larger orders and has already allowed the company to accept additional orders when their competition has been unable to deliver. With King Trade Capital as their growth capital partner, the client is now able to benefit from more profitable sales and has the ability to increase their PO finance facility as their business requires.

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