The Company created a state-of-the-art mattress science that outperformed all the nationally advertised brands in a double-blind comfort test conducted by a world-renowned sleep expert from Stanford University. The product was initially launched on HSN (Home Shopping Network) and sold out in just 32 minutes. This success was followed by a listing with one of the world’s largest retailers.
The Company needed purchase order financing to fund its growth which was provided by Exworks Capital, who provided the Company with $500,000 in trade financing.
“ExWorks was able to quickly provide funding for the Company to complete manufacturing to meet increased demand driven by recent HSN airings and the Company’s new listing,” stated Luke LaHaie, Associate Director at ExWorks Capital.
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 – 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 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.