Product: Factoring Line
Funding Line Amount: $400,000
Company Type: Freight Transport Services
Industry Type: Product transportation Industry
This is a 40-year-old company that offers transportation services to various multi-national companies in the retail, food and consumer goods industries. The company provides transportation for general merchandise and products and differentiates itself with large capacity, state of the art logistics to fulfill orders within requested timeframes, competitive pricing and advanced technology to constantly monitor its shipments.
Product transportation is a very competitive industry – there are many competitors offering similar services and the risk of being replaced is high. It’s an industry that suffers from merchandise losses due to assaults and accidents and, consequently, high insurance costs. Finally, a failure to deliver on time can cause clients to look for other alternatives.
Since the company is well established and serves important companies in Mexico, with a strong demand for its services, ExpoCredit was able to approve a factoring line for the company. This line of credit will help the company obtain the necessary cash flow to stay relevant in the marketplace and differentiate itself by providing the right technology to guarantee complete and on time deliveries.
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