Product: Factoring Line
Funding Line Amount: $ 900,000
Company Type: Fresh Fruit and Vegetable Exporter
Industry Type: Produce
This company is located in Peru and provides specialized services for processing and packing fresh fruits and vegetables. They have more than 15 years of experience exporting fresh produce to North America, Europe, Asia, Oceania, and Latin America. The company´s main products are asparagus, avocadoes, blueberries, citruses, and peas.
The produce industry is a very seasonal and capital-intensive industry. A season can last between 4 and 5 months, and most invoice terms are between 90-120 days. Longer invoice terms can create cash flow issues because labor and production costs can be very high.
The company has been successful because of its highly competitive team of professionals that are trained in international quality standards, as well as its use of cutting-edge technologies. ExpoCredit was able to approve its factoring line request. The working capital will enable the company to have enough cash flow and liquidity to continue to grow their business despite the seasonality of their industry.
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