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King Trade Capital Provides $3MM Purchase Order Finance Facility for Housewares, Party Supply Company

February 08, 2022, 07:47 AM

King Trade Capital (“KTC”) announced the completion of a $3,000,000 purchase order finance facility for a Pennsylvania-based housewares and party supply company.

The company contacted King Trade Capital after being introduced to them by their bank a few years ago. Over the past two years, the company expanded into other industries such as medical supplies and needed additional capital to support the growth of the company’s core business, housewares and party supplies.

The company has an existing asset-based lending facility with a leading national bank. KTC established an inter-creditor agreement with the incumbent bank, allowing both parties to provide the total liquidity the company needs to grow. The bank and King Trade Capital have worked together several times over the years ensuring that all parties worked quickly to help our mutual client receive the total liquidity it needs to keep growing its sales.

With King Trade Capital as their growth capital partner, the company is able to accelerate timely deliveries to their end customers, while maintaining good relationships with their overseas suppliers, as well as their bank. The purchase order finance facility also allows the company to continue to expand into other business verticals and sustain the growth of their core business.

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