This company was started in 1987 and chartered with the primary mission to first develop and then manufacture state-of-the-art test systems to verify wired interconnections in printed circuit products. These test systems were used in semiconductor substrates, telecommunications backplanes and wiring harnesses testing within aircraft and missiles. Today, the primary focus of the firm is systems integration and wire harness testing systems in both the military and civilian aerospace.
ExWorks Capital provided the company with a $400,000 SBA working capital line of credit in order to fulfill a recently signed contract for wire testing systems in U.S. military aircraft which are widely exported.
“The borrower has been a customer of ours since 2002 and we are happy to once again provide purchase order financing for this aerospace contractor,” stated Bernd Hermann of World Trade Finance, an ExWorks Capital company.
About ExWorks Capital
ExWorks Capital is a domestic import 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 the SBA and ExIm Bank.
ExWorks Capital’s offerings include:
- Export and Import Trading – We 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 – We can provide 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 – We can provide Term Loans between $10,000,000 and $100,000,000 to Foreign Customers.