Trade Finance Solutions Inc., a leading provider of global trade financing solutions, announced they have provided a $1 million supplier credit facility to a privately owned Guatemalan-based textile manufacturer. The supply chain facility will provide will provide repayment terms of 120 days and support the company’s elongated inventory conversion cycle from the purchase of raw materials to the sale of finished goods.

Based in Guatemala since 1987, the company specializes in producing fabrics and clothing made from polyester, cotton and their blends, supplying the market with top quality products. They import raw materials from the United States and supply customers in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Mexico, USA, Chile, Puerto Rico, Cuba, Colombia and the Dominican Republic.
 
“The facility will provide longer repayment terms and allow the manufacturer to optimize working capital,” said Bruce Sim, Senior Vice President of Trade Finance Solutions. “Additionally, the Company did not have to tie up its existing bank line of credit to access this cost-effective financing.”

Founded in 2006, Trade Finance Solutions, Inc. is a leading provider of domestic and international financing solutions for small to mid-sized businesses across a wide variety of industries. The firm helps clients succeed through their supplier credit, factoring, purchase order and asset-based lending programs with a focus on international trade.