King Trade Capital (“KTC”) announced a $4.5MM purchase order line increase for an existing client in the aircraft parts business.

The aircraft parts company initially received a PO finance solution from King Trade Capital to help execute upon the purchase and refurbishment of parts to fulfill $18 Million of purchase orders from major US airline and the US government.

The offering provided by KTC includes cash payments to the Client’s suppliers to purchase aircraft parts that are then sent to be repair shops to be repaired and/or refurbished before delivery and acceptance by the airline customers.

Upon delivery to the airlines our customer provides extensive paperwork and FAA certifications for the airline’s acceptance of the parts. Upon the acceptance and approval from the airlines our customers bank owned asset-based lender advances on the receivables and retires the KTC PO financing on the parts delivered.

KTC’s increased purchase order finance solution is providing the additional financial support necessary to help grow our clients’ sales an additional $30 million through Q1 of 2024.