Product: Factoring Line
Funding Line Amount: $500,000
Company Type: Manufacturing and Distribution of Polypropylene Film
Industry Type: Manufacturing
This Ecuadorean company specializes in the production of polypropylene film and its different applications, which are used to produce plastic bags and pouches for various manufacturers throughout the world, including the USA, Colombia and Peru.
This company manages long payment cycles of up to 120 days with its customers which puts pressure on its operating cash flow to maintain steady production. They needed a flexible source of working capital.
The company’s customers are large companies with strong market shares in their respective countries, leaving very little doubt regarding their payment ability. ExpoCredit was also impressed with the company’s 3 year growth rate of 150% year-over-year and approved the funding line.
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