This rapidly expanding manufacturer, wholesaler, and retailer of chocolate and ice cream products has been a family owned business for over 100 years.
With a recent re-branding, the company has launched national and global brands. The management team values sustainable innovation, aggressive sales growth and maintaining the company’s foundation as a family-owned enterprise.
ExWorks Capital provided the company with a $10.0 MM loan facility to help support sales growth. This facility will bridge the gap until the company receives new equity.
” The company needed a flexible Working Capital solution in a very short period of time to meet their growth demands as they had been doubling revenues the last four years. Its current bank was not willing to fund the company’s growth and they were looking at a liquidity shortfall to meet some upcoming Purchase Orders. The company’s Investment Banker introduced ExWorks Capital to the company and asked us to come up with a solution that needed to fund in less than three weeks. This talented management team was a pleasure to work with and I believe you will be hearing great things about this company in the not so distant future.” stated Brett Crabtree, Managing Director at 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:
Bridge Financing – ExWorks can provide short-term financing to fulfill existing company needs between $500,000 and $25,000,000.
Domestic, Export, and Import Financing – ExWorks can purchase or finance export/import/domestic goods to provide additional liquidity when selling both domestically and overseas between $500,000 and $25,000,000.
Working Capital Financing – ExWorks can provide financing on both Domestic and International Receivables and Inventory, including advancing on Raw Materials, WIP and Finished Goods, between $1,000,000 and $25,000,000.