ExWorks Capital, through its subsidiary World Trade Finance, provided a $400,000 SBA line of credit to a U.S. company that designs, sells and exports marble manufacturing molds and parts.
Variations of these cultured marble molds are used in the production of bathroom and kitchen fixtures including kitchen counters, shower enclosures, bathtubs and bathroom vanity tops. This company also installs cultured marble manufacturing plants around the world.
The line of credit will finance existing export purchase orders in North Africa and South Asia.
“We have worked with this client for several months to complete the purchase order process and allow him to build and ship,” stated Bernd Hermann of World Trade Finance.
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.