Financial Group

Produce Industry

This business was able to keep growing with the help of ExpoCredit despite its long cash flow cycles

Deal Summary

Product
Factoring Line
Funding Line Amount
$500,000
Company Type
Fresh Fruit Exporter
Industry Type
Produce
Location
Ecuador
This company, located in Ecuador, exports bananas to Europe and the US. It has been in the market since 2010. Moreover, It has been growing at a healthy rate over the past 10 years and has been diversifying its client base throughout the world.

Challenge

This Company needed additional working capital to meet the increasing demand of a major European client, which has an incremental 30-day delay in its cash flow cycle due to long ocean transit times to Europe.

Solution

ExpoCredit was able to approve a factoring line for this client which guarantees the continuous growth of their business in the face of longer cash flow cycles.