During the past year, ExpoCredit has worked with other Factoring companies on a variety of ventures. One of our most significant projects has been in the telecommunications industry with a multinational consumer distribution company headquartered in Miami, Florida. The company has experienced accelerated growth, and the brand it represents has been well-positioned in Latin America. Hence, its working capital needs have increased. Additionally, its payment terms to its biggest client are 60-90 days, but the company has to pay the mobile device supplier a week before shipment after their credit limit with them. Due to the demand, the limit is met every month by four; therefore, an invoice factoring solution was ideal. We participated with a Factoring line of $4MM of the total $10MM requested in this deal.
Additionally, ExpoCredit participated in a Factoring line for a healthcare company located in Texas. This company provides a scheduling and management platform designed to connect healthcare providers to top tier facilities. Healthcare facilities can schedule and monitor qualified and licensed providers. Due to Covid-19, the company had grown in 9 months by 176% compared to the entire full year of 2019. In this case, the line requested was for $14MM, and we participated with $2MM.
ExpoCredit also participated in a line of $10MM to a logistics company headquartered in Miami, Florida, with $7MM. This company offers inland transportation, ocean and air freight, as well as warehouse services, in the USA and around the world, with a particular focus on Latin America.
ExpoCredit is always looking to build long-term strategic relationships with partner companies to complement our portfolio of financial solutions. We welcome opportunities to collaborate and work on deals together. Furthermore, by partnering with ExpoCredit, you can obtain leads, referred by us, according to your particular offering.