King Trade Capital (“KTC”) announced the finance facility increase of $2.5MM for an existing dry baked goods manufacturing client.

The company is utilizing KTC’s purchase order-based production finance facility to help manufacture the inventory to fulfill its seasonal orders. Due to the seasonality of their business, the Client needed more availability than their existing asset-based lending facility allowed and KTC was able to help. KTC approved and funded the Client’s increased capital needs within 4 business days of the clients new request.

This funding increase allows the company to execute efficiently and smoothly on current order increases with their major customers.