A/R Financing – Produce Industry

Bananas

Deal Summary

Product: Factoring Line
Funding Line Amount: $500,000
Company Type: Fresh Fruit Exporter
Industry Type: Produce
Location: Ecuador

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.

Challenge

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.

Solution

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.

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