For over twenty years, this client has been a major distributor of beef, beef products, chicken and lamb. In addition, the company fulfills non-meat orders for its buyers such as grated cheese and cooking oils. The client concentrates its export business in the Middle East, specifically to buyers in Saudi Arabia, Dubai, and Kuwait.
ExWorks Capital provided the company with a $5,000,000 SBA EWCP revolving line of credit. The loan facility will serve to finance both export inventory and the resulting export receivables to a range of pre-qualified buyers.
“We welcome the opportunity to serve this well established exporter in financing its Middle East business. We believe this presents further opportunities for this U.S. food exporter in other parts of the globe,” stated Bernd Hermann, President of ExWorks Capital’s subsidiary World Trade Finance LLC.
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.