This corporation is the largest crane operator and complete logistics solutions provider for lifting, transporting and weighing heavy loads in Tanzania. With operations extending through East Africa, the company is quickly becoming one of the most reliable logistics operations across the African continent.
As a rapidly expanding small business, this company is in constant need of liquidity which is not provided adequately and timely by the traditional banking sector. The ExWorks Capital facility will be providing opportunities to grow the logistics business and service large multinational companies in East Africa.
“We are very pleased to commence a trade relationship with this corporation that we believe has the potential to grow significantly over the next several years. Contracting with large, creditworthy multinationals is a perfect example of a growing small business that ExWorks is uniquely qualified to support and grow with” said Jozsef Szamosfalvi, Managing Director of ExWorks Capital.
About ExWorks Capital:
ExWorks Capital is a domestic and export trade finance company that offers financing solutions to businesses by leveraging its Delegated Authority granted by both SBA and ExIm Bank. ExWorks Capital’s offerings include:
- 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
- Export Trading – Negotiating the buy and/or sell side of a transaction and processing all of the associated documentation from the acquisition of the export to its shipment and delivery to an international customer thus eliminating trade risk to the supplier between $500,000 and $25,000,000