ExWorks Capital provided $2 million in importing and working capital financing to an Oregon-based manfacturer that imports lithium-ion batteries from China in order to manufacture easy-to-ride vehicle boards for golf courses and industrial applications around the world. This design and proprietary technology has met enormous demand in the last twelve months. ExWorks Capital provided import financing and working capital financing to the corporation in order to support its growth.
"ExWorks Capital is pleased to provide the necessary capital to assist the growth of this innovative product," stated Matt Stanley, Managing Director 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 SBA and ExIm Bank. ExWorks Capital's offerings include:
- Export and Import Trading,
- Working Capital Financing- International Trade Receivable and Inventory Revolvers, including advancing on Raw Materials, WIP and Finished Goods, between $1 million and $25 million, and
- Term Loan Financing - Term Loans between $10 million and $100 million to foreign customers.