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King Trade Capital Adds Two New Clients in November

December 04, 2017, 07:00 AM
Filed Under: Industry News

King Trade Capital announced the financing of two new client relationships in November. These new purchase order and trade finance relationships illustrate the ever changing creativity of the King Trade capital team to support the changing needs of small and medium sized companies.

The first relationship is an east coast consumer products company with founders that have a great deal of experience building successful companies. KTC was introduced by an asset based lender hoping to add the company to their portfolio but they needed KTC to help the company get goods produced for large orders from one of the US largest retailers. KTC came up with a creative solution to finance goods and components produced in China. What is unique is that KTC financed components produced and shipped to third party assemblers where they are assembled into finished goods prior to delivery. King Trade has structured payments and credit such that the various suppliers are paid in order to deliver not only finished goods but also the components to be finished.

King Trade’s financing will provide $6,000,000 of the cost of goods allowing the company to fulfill $10,000,000 of orders to one of the US largest retailers.  

Our second new relationship is a trade finance relationship with a growing small business selling sunglasses into big box retailers. The company has been in talks about two different PO’s that total $700,000. King Trade was introduced by the companies factoring company wishing to bring in a trusted PO finance solution. King Trade quickly assessed the company’s needs and helped offer a letter of credit scenario that interested the Chinese suppliers and saved the company significant finance costs. In addition to offering the LC’s for production, KTC came up with a cash advance scenario that offered the client the ability to execute on their business plan while their goods were being produced overseas.

King Trade’s financing allows the small business to grow their sales with a major customer by delivering the current orders while also providing capital to grow their sales team and execute on their growth plans.

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