ExWorks Capital provided the company with a $1 million SBA working capital line of credit in order to purchase product to fulfill export orders. This company is a wholesaler and marketer of beef and other food items with a focus on the pizza topping industry. The company was founded in 2010 and is headquartered in Texas. The working capital facility will be utilized to allow the company to expand its offerings and grow its current business of exporting beef to South America to meet increasing customer demand.
"Our SBA working capital facility will materially change this company. The facility will allow for continued, significant expansion with the company's Latin American customer base," 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 the SBA and ExIm Bank. ExWorks Capital's offerings include export and import trading, working capital financing and term loan financing.