King Trade Capital successfully completed a $2.1MM purchase order finance facility for a California based dry baked goods manufacturer.

The client, a previous client of King Trade Capital, reached out through their private equity owners after a very successful growth initiative in previous years utilizing KTC’s PO financing. They returned to KTC for a PO financing solution to support a large holiday program awarded by a national grocery chain.

King Trade Capital moved quickly to underwrite the purchase orders and tailored a solution that enabled the client to pay multiple vendors for the raw materials and packaging necessary to manufacture and fulfill more than $4 million in seasonal orders.

The facility, provided in conjunction with the client’s existing asset-based lender, delivers a comprehensive manufacturing finance solution. It not only gives the client the liquidity needed to fulfill its seasonal backlog, but also positions them to pursue and support larger growth opportunities moving forward.