The partnership will allow the company to continue to grow because, despite being a relatively new company, it reports earnings of more than $4 million
Funding Line Amount
Distributor of glass containers for different industries
This U.S. glass distributor has participated in the international market since 2019. Since its founding in Florida, the company has become one of the largest suppliers of glass containers for a variety of industries in the Americas.
This new client offers glass containers at competitive prices, brought directly from high-level partner factories. Due to the fragility of the material, they are in charge of air, sea, and land transportation from the supplier’s warehouse to the customer’s facilities, offering the best possible care of shipments. The company offers not only the product but also its transportation logistics.
Its portfolio is extensive, with more than 30 different types of packaging for the liquor, pharmaceutical, food, and beverage industries. However, most of its revenues are generated by its relationship with the Latin American beer market, where the company partners with two of the largest breweries in the Southern Hemisphere.
Despite the demand for its products, the company’s biggest obstacle is insufficient financial liquidity due to its customers’ payment terms. Generally, its two largest customers have payment terms of 30 days, but certain special orders can take up to 4 months depending on the agreement with its client.
Because of these delays, the company’s operations team cannot handle orders from other clients. They seek a form of financing that will allow them to continue operating without sacrificing the relationship with their two largest buyers.
After analyzing its business model, Expocredit is assisting the company with a $1,500,000 line of financing. This will enable it to extend terms to its clients without sacrificing its cash flow as it grows and expands its client portfolio.
The partnership will allow the company to continue to grow because, despite being a relatively new company, it reports earnings of more than $4 million for the third quarter of 2021, an amount that may increase by 50% with this new alliance.
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