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TradeCap Partners Closes $2.4MM Purchase Order Finance Facility for Canadian Footwear Importer

February 14, 2022, 07:10 AM
Filed Under: Purchase Order Finance

TradeCap Partners recently closed a $2.4 million purchase Ooder Finance facility for a Canadian footwear importer located in Quebec.

The Company had recently secured a new license with exclusive distribution rights to the Canadian market. Shortly thereafter they landed a seasonal program with a major wholesaler for distribution in all doors throughout Canada. Despite their existing line of credit in place with a large Canadian bank, the size of the program required additional capital to support production with the licensors overseas supplier.

TradeCap collaborated with the Company and supplier and implemented a payment against documents structure to ensure goods were paid for as shipped over the month and a half shipping window. TradeCap’s facility provided funding of 100% of the cost of inventory and allowed the supplier to stay within the credit limit and terms extended to the Company despite larger than normal inventory flows.
With the solution in place, the Company and licensor have a framework and financing solution in place to support increased inventory demands as they expand distribution to other retailers and wholesalers in Canada.

Clinton Stanton, TradeCap’s Managing Partner remarked, “This relationship exemplifies TradeCap’s cross-border capabilities to work with companies in Canada as well as the US. We look forward to expanding this relationship and doing our small part to help the Company grow.”

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