A big problem faced by most of the new firms in today’s world is to gather enough funds to maintain sufficient inventory to deliver the products to its consumers on time. King Trade Capital is a firm that plans to help entrepreneurs and business owners navigate through the phase which every business will face at some point in its journey I.e shortage of capital.
Their main goal is to help businesses grow their customer base even if they don’t have sufficient funds at the time of accepting the orders. They do a good job of analysing the health of the firms they are assisting and their expertise is greatly appreciated. In some cases, they offer upto 100% inventory cost too.
Moreover, they have given utmost preference to making the application process streamlined and once you visit their website, it becomes obvious. There are few things about them which you need to know before submitting the application. So, continue reading and you will find answers to all your questions and concerns.
What is Purchase Order Financing?
Before we take a look at King Trade Capital, you need to understand Purchase order financing to grasp the core business model of this platform. While most business owners are familiar with POF, if you don’t understand it, then don’t worry as we are going to explain it in this paragraph. Let’s say you get a huge order from a client, but you are unable to deliver the product due to the inventory and cash restraints.
In this scenario, your options are either to raise money using debt or to let the order go which will seriously affect the image of your firm. If you take on debt through other means, then the interest charges are going to be higher and it will make your margins slim. So, to avoid paying higher fees individuals or firms can go for purchase order financing which will give them access to cash in time and as they charge nominal rates, it won’t be a burden on their bank account as well.
We hope you have understood the concept well, but if you still have any questions, then feel free to leave a comment. Unfortunately, this dry sector too has been plagued by scams and if you aren’t careful enough, then it might be the costliest mistake you will ever make. So, always take time to analyse the firms you want to negotiate terms with and never believe any claim blindly.
King Trade Capital Background
King Trade Capital is one of the few firms which have been around for a long period of time. It has been operational since 1993. They have a huge portfolio which contains firms from almost all categories. You can find the details of the founders and employees on their website. Note that the kind of transparency they adore is significant and it speaks volumes about their business model.
Till date, KTC has helped more than 400 private and public companies and in terms of figures, the total amount of capital pumped by them is over 2.5 billion dollars. Their main target audience are people located in the United States, United Kingdom and Canada. List of firms they are involved with is updated on their platform regularly, but for obvious reasons, the exact terms of the contract are not made public.
In short, they do hold their end of the bargain well and at the end of the day it is a win-win situation for all the parties involved.
Contact Details
Each and every business is unique and as such, they might have certain unique questions which just can’t be answered by any third parties. If you have a specific query and you need to get in touch with the support staff of this platform, then you have various methods of doing so.
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From telephone to fax, all the contact information is listed below. The only thing they lack in the customer support aspect is the call back feature. Live Chat feature would be a nice touch, but it is not a big deal to fuss about.
- Address – 3838 Oak Lawn Ave, Suite 1410, Dallas, TX 75219
- Tel – 214-368-5100
- Fax – 214-368-5105
- E-Mail – info@kingtradecapital.com
Newyork Branch
- Tel – 917-754-1568
- Fax – 214-368-5105
- E-Mail – bprust@kingtradecapital.com
King Trade Capital Portfolio
Every business takes pride in their numbers because that is the easiest metric to judge their performance. On this platform, you can find details about the top 11 firms they have assisted along with the deal size(Capital amount). A lot of big names are vouching for them and it just goes to show their authenticity. Along with financing purchase orders, they are involved with a lot of other associated businesses.
For starters, they work with lenders to make the payment structure more efficient and risk free. When it comes to solving cash flow problems, their team is exceptional. For any business which is working with the government this firm gives upto 100% cost of the inventory. Note that, in terms of funding they do have certain limitations and in general they are allowed to provide assistance which ranges between $50,000 to $20,000,000.
Affiliate Program
The role of affiliates is very similar to that of intermediaries, they both work mainly in the marketing field and their main intention is to link the buyers with sellers. This firm has a dedicated section for brokers, we know the job designations sound a bit outdated, but compared to the compensation they provide, it’s not something to worry about.
Generally, the commission percent ranges from 1% to 10% and at the end of the day, there are a few conditions brokers need to be aware of. First and foremost, they should not employ any kind of unethical practises to get clients. They shouldn’t have hidden agendas and more importantly, no foul play should be detected.
People who are interested to work for this firm should submit the application via their website and it should include a few standard IDs and documents. Once they go through the information presented by you, they will take a stance and inform you at the earliest. Though, there is no standard time period mentioned by them to review applications, usually it will be around a couple of weeks.
User Feedback
As there is too much competition in almost every field, one of the things we always look for in order to gauge the real reputation of a business is the user feedback. Nowadays, most people would never buy things without looking them up online as one wrong move can cost a lot.
King Trade Capital doesn’t have much user feedback online because the people who are engaged with them aren’t the youth who spend most of their time online. So, we really cannot judge them solely on the user feedback. However, one tiny flaw with them is that they are not BBB accredited.
Verdict
King Trade Capital is a reputable company with decades of experience. They have excellent managerial ability and that is clearly evident by their balance sheet. Apart from the fact that they are not BBB accredited, there isn’t anything about them which we can criticise.
Moreover, they also provide excellent career opportunities for the people who are looking to work with them. As there are multiple ways you can grow with this firm, analyse your situation and take action accordingly. Lastly, don’t forget that it doesn’t hurt to look at the rates provided by other competitors.
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