ExWorks Capital has provided a $3 million working capital facility to a producer of plastic moldings in order to fulfill new customer purchase orders for export and meet existing customer demands.
This company is a U.S. manufacturer headquartered in the Southeast. This manufacturing facility operates large-scale production lines custom-engineered by the company to produce injection moldings using its unique, patented process technologies.
"ExWorks is pleased to have the opportunity to help this company diversify its customer base and increase sales overseas," stated Andy Hall, Chief Credit Officer of 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, working capital financing and term loan financing.