ExWorks Capital announced it closed a $3 million export and trade finance facility to a Boston-based company that provides proven technology solutions to data storage and information management markets targeted for financial services, healthcare and energy industries among others.
The company delivers a massively scalable, transparent and unified approach for consistent data retention, search, policy and security across the cloud and traditional storage infrastructure.
"ExWorks is very excited to be able to provide this company with growth capital necessary for it to expand its domestic and international customer base. The capital fills a gap needed to position a rapid expansion going forward," said Andy Hall, Chief Credit Officer of ExWorks Capital.
ExWorks Capital is a domestic 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.