FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


King Trade Provides Purchase Order Facility for NY-Based Apparel Designer

May 22, 2013, 07:26 AM
Filed Under: Purchase Order Finance

King Trade Capital (KTC) announced the funding of a $1.1 million purchase order finance facility for a New York-based apparel designer and manufacturer. The finance facility was structured in two parts, one for finished apparel imports, and the other for fabric purchases requiring cut, make (sew) and trim (CMT) production in the U.S.

KTC was able to structure a solution despite a large customer concentration, in excess of 80% of sales. KTC aligned with an experienced factor in the apparel industry to structure a solution to help the client fulfill its growing book of orders with the customer. KTC’s facility funded the purchase of finished goods and fabric from overseas suppliers as well as the in process production costs of garments manufactured with those fabrics in the U.S.

The client now has a comprehensive finance solution that helps it achieve a common goal, growing sales. KTC’s unparalleled experience in providing an import finance solution as well as a domestic production finance solution provided the client with the incremental capital needed to continue to grow their business without traditional finance constraints.

King Trade Capital is the oldest and largest independent purchase order and contract finance company in the United States. KTC is focused on providing purchase order and trade finance solutions for small to middle-market companies headquartered in the U.S., Canada, and United Kingdom.

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.