Financial Group

Manufacturing Industry

A company with an impressive year-over-year growth rate obtained a flexible source of working capital

Deal Summary

Product
Factoring Line
Funding Line Amount
$500,000
Company Type
Manufacturing and Distribution of Polypropylene Film
Industry Type
Manufacturing
Location
Ecuador
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.

Challenge

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.

Solution

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.