RMP Trade Credit (RMPTC) announced the recent closing of two transactions. The details of the transactions include:

• A $1.5 million Purchase Order Facility for an importer of metals. RMPTC is securing the materials through letters of credit for refinery customer in Florida. The A/R is being financed by factor in New York.
• A $900,000 Purchase Order Facility for an importer of machine parts. RMPTC has taken over from an ABL lender and will issue letters of credit to the factories overseas. Customers are throughout the USA, factor out of California will be financing the A/R.

RMP Trade Credit is an Islandia, NY based company with the ability to fund transactions between $5K-5M both domestically and internationally.