Product: Factoring Line
Funding Line Amount: $ 400,000
Company Type: Healthy Snacks Distributor
Industry Type: Food
This US-based company started by distributing natural Mediterranean gourmet products. They recently opened a new subsidiary that focuses on healthy snacks. It distributes natural fruits, vegetables, grains, nuts, and dairy to foodservice companies such as restaurants, market chains, and clubs.
This company’s healthy snacks subsidiary started operating in 2016. Their sales growth has been accelerating due to the acceptance and quality of the products they sell. In addition, their customers have high market penetration and maintain a constant and recurring product demand. They need additional cash flow to continue to fulfill the demand for their products and strengthen their client relationships.
This company showed great success in its first venture distributing Mediterranean gourmet products. Because of their proven track record, ExpoCredit was able to grant their new subsidiary a factoring facility that would allow them to continue to grow while strengthening their relationships with their current customers.
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