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King Trade Closes Production Finance Facility for Chocolate Goods Manufacturer

July 26, 2016, 07:21 AM
Filed Under: Food Manufacturing

King Trade Capital announced it recently closed a $250,000 production finance facility for a Texas-based manufacturer of chocolate products.

The company was introduced to King Trade Capital by its outsourced CFO seeking a solution to help it support rapidly growing sales with a nationwide wholesaler. The wholesaler had approached the company after tasting its products and issued purchase orders for a regional store rollout. The size of the orders represented an incremental growth opportunity that alone exceeded the company’s prior year sales by 20%.

King Trade Capital quickly established a production finance facility in just  ten days which provided funding for 100% of costs to produce the goods, including raw ingredients, direct labor, packaging and cold storage costs. King Trade Capital’s turnkey solution allowed the company to maintain cash flow to support its already growing business and not forgo the major growth opportunity.

The wholesaler, now confident in the Company’s ability to satisfy the orders, is working on plans for a national rollout to all stores. The national rollout will result in orders that represent a multiple of the size of the current orders. The quick response and support provided by King Trade Capital and its production finance facility helped the company capitalize on an immediate growth opportunity and will offer future support as they enter their next phase of growth.

King Trade Capital is the country's oldest and largest independent provider of purchase order and contract finance for small to middle-market companies in the U.S., UK and Canada. Since 1993 KTC has provided more than $2 billion of capital to over 350 public and private companies worldwide.

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