This company imports lithium-ion batteries from China in order to manufacture easy-to-ride vehicle boards for golf courses and industrial applications around the world. This design and proprietary technology has met enormous demand in the last twelve months.
ExWorks Capital provided import financing and working capital financing to the corporation in order to support its growth.
“ExWorks Capital is pleased to provide the necessary capital to assist the growth of this innovative product,” stated Matt Stanley, Managing Director of 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 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– 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 – Term Loans between $10,000,000 and $100,000,000 to Foreign Customers