Product: Factoring Line
Funding Line Amount: $800,000
Company Type: Marine and Land operations
Industry Type: Marine
Our client is a Mexican company. An organization dedicated to offering essential services through its business model of Total Ship Management (TSM) in the administration of specialized vessels (human resources, infrastructure, financing, maintenance, and administrative management) within the oil industry.
Our client is a young company with nearly four years of operation, with good growth potential and aim to use our factoring facility to increase its volumes. To continue growing and remain competitive, our client needs working capital.
The financial situation of the company shows consistent growth. It’s been reported they have a good payment behavior as well as the debtors. ExpoCredit was able to approve its request for a factoring line. The company will get the funding it needs to continue to invest in maintaining its high standards.
With ExpoCredit’s A/R financing, our client can continue to focus on executing its successful expansion strategy.
ExpoCredit helped this company increase payment terms to its primary customer.
ExpoCredit is helping this company with the working capital needed to manage seasonality
ExpoCredit helped this company to have the working capital needed to operate according to its demand