For 25 years, this manufacturing company has provided the best in satellite communication systems for military and commercial use in the USA and around the world. It also specializes in cyber security, global field support services, and logistics engineering to support its communication systems.
ExWorks Capital provided the company with an export working capital facility, utilizing its ever-growing international receivable base. In addition, ExWorks provided a bridge loan and a term loan to temporarily replace the company’s domestic asset-based lender.
“Our credit facilities significantly increased the company’s borrowing capacity, which was time-critical for this stage of the company’s growth. Our financing solutions will be instrumental in helping the company to fulfill a growing backlog of contracts. It is an exciting time to partner with the company and its multiple institutional investors to facilitate the continued growth,” stated Keith Kirkland, Senior Director of ExWorks Capital.
ExWorks Capital provides domestic, import and export trade financing offering financing solutions to businesses utilizing its own capital. ExWorks also carries Delegated Authority granted by both the SBA and ExIm Bank.
ExWorks Capital’s offerings include:
- Domestic, Export, and Import Trading – ExWorks can provide between $500,000 and $25,000,000 per trade to suppliers that need the funds to be able to purchase goods for sale to international buyers, thereby eliminating the need to raise equity in order to fulfill international sales contracts.
- Working Capital Financing – ExWorks can provide both Domestic and 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 – ExWorks can provide Term Loans between $10,000,000 and $100,000,000 to Foreign Customers.