The big order finally arrived. The home run that every company dreams of.
With Wal-Mart Purchase Orders in hand for 1 million units it was time to think about ramping up production.
This was going to take a significant increase in seasonal labor as the plant would need to run 3 shifts a day, 5 days a week for the next 2 months.
Something else was needed. Projections showed working capital needs of $700,000 for the significant labor costs and raw materials.
Thanks to a referral from their factor, the manufacturer was introduced to Global Trading Partners. Due diligence was done, cashflow was analyzed and very quickly funding commenced.
The end result was all our new client could have hoped for. Everything shipped on time, sell-thru was close to 100% and the reorder for the following season? Up 20%.