Product Line: Factoring Line
Funding Line Amount: $500,000
Company Type: Mining and Processing of Raw Materials
Industry Type: Oil & Gas
Annual Revenue: $1 million
Our client, a Mexican company, is involved in the extraction, processing and commercialization of raw materials to the oil and gas industry. This company owns mines in Mexico and its leaders have extensive experience in the business. Economic projections for the oil and gas exploration industry in Mexico are positive, with heavy investment both by private and public sectors.
The client is expected to double its production capacity and needs a working capital facility to finance its needs, which include incorporating new equipment to keep up with production demands and attract new contracts. The company is young and therefore shows operational and net losses and negative equity, but it expects to start generating profit by the end of this year. It has contracts to supply products and services to leading players in the industry.
The company is strong and has contracts with well-established customers. Oil and gas perspectives are positive for the short term and the company, despite being relatively new, is expected to become profitable in the near future. Given these strengths, ExpoCredit was able to quickly approve the company’s request for capital.
Thanks to ExpoCredit, the company now has the resources to cover their working capital needs so that they can keep up
with their growing capacity and gain new business.
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