Smith Tents was a niche manufacturer of camping gear specializing in tents. Being based in the Northwest the small manufacturer was more than excited when approached by a large retailer. After only a few years in business, Smith Tents had made a name for itself by producing high quality outdoor gear.
The large outdoor retailer wanted to feature merchandise from a star on the rise and submitted a large
purchase order for all three types of tents the small manufacturer produced. Although they were a small company they knew the value of accepting such a large purchase order and were excited to fill the retailers request.
However, being such a small company the manufacturer did not have enough working capital to buy all of the parts and supplies needed to fill such a large order. Smith tents turned to a business finance company like DB Squared to finance the new business.
Before long Smith Tents were being sold across several states and became the new household name in premium outdoor gear.
We encourage you to
learn more about Purchase Order Financing from DB Squared.