RMP Trade Credit announced the company recently closed two purchase order facilities totalling $200,000 as follows:
$30,000 purchase order facility for an importer of telescopes in Kansas. The customer is well known big box retailer. RMP Trade Credit is buying the merchandise through the use of letters of credit. A factor in North Carolina is financing the A/R in the deal.
$170,000 purchase order facility for a closeout wholesaler of cosmetic closeouts in Canada. The customers are well known large distributors. RMP Trade Credit buying the merchandise through wire to the supplier. A factor in Toronto is financing the A/R in the deal.