Established in 1998, this company is a high-end flexible sheet veneer manufacturer. The company controls its own logging and slicing operations, which enables it to provide over 180 different species of wood to customers’ exact specifications. The company sources logs from around the world to be cut and used in two separate industries: architectural veneer and airline veneer.
ExWorks Capital provided the company with a $ 4,000,000 revolving line of credit. The loan facility will serve to finance the company’s operations which are focused on the airline veneer industry specifically for owners of private jets who demand the highest quality veneers to be used in their personal aircraft.
“Our credit facility will enable the company to take advantage of the various growth initiatives they have. This will increase the employment in the region and shareholder value,” 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 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.