King Trade Capital ompleted a $2.5 million purchase order finance facility for a returning client in support of their seasonal sales needs.

An old client that KTC has financed in several different businesses, contacted King Trade Capital to help provide a PO finance solution in support of their growing holiday sales.

Due to quickly growing sales the client urgently needed a purchase order finance solution to secure payment to their overseas supplier to fulfill their seasonal orders.

King Trade worked quickly to underwrite the end customers purchase orders and issued a letter of credit on behalf of the client to their overseas manufacturer to ensure the client would meet the delivery deadlines set by their retail customers.

Andrew Chong said, “This is a client we have worked with many times over the years and have seen them perform with many different products going into retail. We are pleased to continue our relationship with the principals of the company and have offered them a finance solution that allows them to secure the inventory necessary to meet their seasonal orders. We are proud to be a reliable finance partner, capable of acting swiftly and effectively.”