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Crossroads Financial Provides PO Financing Facility to Toy Distributor

April 19, 2016, 07:33 AM
Filed Under: Distribution

Crossroads Financial announced it provided a $500,000 purchase order finance facility to a toy distributor. The company faced a common problem: it received a large order but did not have the funds required to fulfill the transaction. The company needed to pay the supplier, located in Asia, to produce and ship Star Wars products before the movie premiere.

The company contacted Crossroads which then provided a Letter of Credit to the Asian Manufacturer to get the goods manufactured and shipped on time. The result was total success; the company was able to take advantage of the film during the holiday season, increasing sales and creating new future opportunities.

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