This U.S. based company specializes in providing portable consumer electronics products with high style design. The current product line includes over forty different products consisting primarily of portable power chargers for mobile phones, tablets, cameras and Bluetooth, GPS, gaming and MP3 devices.
ElectronicsExWorks Capital is providing a trade financing line to the company to allow for production of the product due to high volumes of demand and ongoing orders.
“We are pleased to be able to assist this company in fulfilling the significant orders it has for one of its best selling product lines” stated Andy Hall, Chief Credit Officer of ExWorks Capital.
About ExWorks Capital:
ExWorks Capital is a domestic and export trade finance company that offers financing solutions to businesses utilizing its own capital as well as by leveraging its Delegated Authority granted by both SBA and ExIm Bank. ExWorks Capital’s offerings include:
- Working Capital Financing – International Trade Receivable and Inventory Revolvers, including advancing on Raw Materials, WIP and Finished Goods, between $1,000,000 and $25,000,000
- Term Loan Financing – Term Loans between $10,000,000 and $100,000,000 to Foreign Customers
- Export Trading – Negotiating the buy and/or sell side of a transaction and processing all of the associated documentation from the acquisition of the export to its shipment and delivery to an international customer thus eliminating trade risk to the supplier between $500,000 and $25,000,000