Prodcut Factoring Line
Funding Line Amount $1.500.000
Company Type Fishing
Industry Type Fish and Seafood
This company has been in business for over 30 years and has 16 ships in its fleet. It mainly and processes shrimp, squid and Patagonia toothfish. Its principal markets are the European Union , Japan, China, Russia, and the United States.
Fishing is a very seasonal business because certain speces can only be caught during certain times of the yer and because there are maximun quotas for certain speces. The company needs additional working capital to continue to grow its business and to offset the effects of COVID19, which caused its customers to request longer payments terms.
Bases on the company’s long-standing track record in the industry and the good payment behavior of its customers,ExpoCredit was able to approve a Factoring line of credit for the company that will help it continue to grow during these uncertain times.
Ready to Grow?
We work with you to find the right-fit solution
to access the capital you need today so that you
are ready for tomorrow’a opportunities.