A Midwestern International Trading Company was facing challenges in financing its sales to the Vietnamese market. Due to the unique nature of the infrastructure equipment that was being sold to the Vietnam entity, traditional financing sources were not available. ExWorks Capital created a financing program by partnering with the trading company whereby ExWorks provided the necessary financing for the trucks directly through ExWorks. The trading company was responsible for maintaining the relationship with the client as well as the subsequent sourcing of the trucks and the logistics to complete the trade.
“This type of financing is another example of our commitment to the emerging markets and their infrastructure needs as well as our willingness to support the small to middle market exporting companies that cannot access traditional financing sources due to size,” Andy Hall, Chief Credit Officer – ExWorks Capital.
About ExWorks Capital:
ExWorks Capital is an international trade finance company that offers export financing solutions to U.S. exporters by leveraging its Delegated Authority granted by 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 $10,000,000
- 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 $10,000,000
For more information, please visit our website www.exworkscapital.com