Product: Factoring Line
Funding Line Amount: $500,000
Company Type: Fresh Fruit Exporter
Industry Type: Produce
This company, located in Ecuador, exports bananas to Europe and the US. It has been in the market since 2010. Moreover, It has been growing at a healthy rate over the past 10 years and has been diversifying its client base throughout the world.
This Company needed additional working capital to meet the increasing demand of a major European client, which has an incremental 30-day delay in its cash flow cycle due to long ocean transit times to Europe.
ExpoCredit was able to approve a factoring line for this client which guarantees the continuous growth of their business in the face of longer cash flow cycles.
ExpoCredit helped this seafood distributor to expand by including a new vendor to their business.
A company with an impressive year-over-year growth rate obtained a flexible source of working capital
ExpoCredit allowed this company to keep growing by overcoming long cash flow cycles