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TradeCap Partners Provides $650,000 P/O Facility to Hair and Beauty Products Company

January 25, 2021, 07:00 AM
Filed Under: Purchase Order Finance

TradeCap Partners closed a $650,000 purchase order finance facility to an early stage Florida based hair and beauty products company. The facility will support fulfillment of large retail orders for multiple SKUs.

The Company, with just over a year in business, was gaining traction growing brand exposure and sales. An existing big box customer was increasing orders as they expanded the SKU and store count for the Company’s products. With spring deliveries in-transit, the Company received orders for a summer program 2x the size of spring orders. Based on ship windows and supplier lead times, the Company needed to put goods into production before Chinese New Year.   

The Company’s supply-chain finance provider introduced TradeCap. Within five business days of engagement, TradeCap was able to structure a solution and provide funding to accommodate the supplier’s production lead times. TradeCap’s facility incorporated both letters of credit and documents against payment funding options providing flexibility around payment terms with suppliers. The facility advanced up to 100% of the transactional costs, including freight, duties, tariffs and fulfillment.

With TradeCap’s PO facility in place, the Company has a solution to support future growth in orders and expansion of their brand and SKUs into new retail doors. “We’re excited about our new relationship with this fast growing company and the owners behind it. It’s a privilege partnering with entrepreneurs and their businesses helping take them to the next level”, remarked Clinton Stanton, TradeCap’s Managing Partner.

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