TradeCap Partners closed a $1,500,000 purchase order finance facility to a growing, west coast based beauty products company. The facility will support fulfillment of large retail orders for multiple SKUs.

Following expiration of an exclusivity agreement with its first customer, the Company was ready to grow. With many retailers eager to put the brand in stores, the Company secured a backlog of orders for spring modular sets, more than doubling its financing need related to the inventory build.

An existing client made the introduction after having successfully scaled their business over the prior year through their PO Financing facility and relationship with TradeCap. Within a week, TradeCap structured a solution to finance in-transit inventory and production with the overseas supplier. TradeCap’s facility incorporated both letters of credit and documents against payment funding options providing flexibility around payment terms with suppliers. The facility advanced up to 100% of the transactional costs, including freight, duties, tariffs and fulfillment.

“Our speed in structuring a flexible solution allowed the Company to capitalize on fulfillment of the order backlog. It aligned perfectly with the Company’s interim growth capital needs as the continue to scale and expand their retail channel footprint.”, remarked Clinton Stanton, TradeCap’s Managing Partner.