Product: Factoring Line
Funding Line Amount: $470,000
Company Type: PVC Manufacturer and Distributor
Industry Type: Plastic Industry
This company is headquartered in Colombia and is dedicated to the production and distribution of thermoplastic film (PVC). They have more than 45 years of experience and their products are used for pharmaceutical packaging, decorative coatings, packaging films, and electroplating.
The plastics and packaging industry is highly competitive, therefore, most of their clients have 90 -120 day invoice terms. The slow turnover is creating cash flow issues because the company’s presence is growing quickly in the international market and they need working capital to continue their growth.
This company has 45 years of experience and recognition in more than 20 countries. ExpoCredit was able to grant this company a factoring facility that would allow them to continue their expansion in the international market.
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