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 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