Marco Financial completed eight recent financing transactions totaling $28.1 million, including:
- $10 million for a Canadian distributor of COVID-19 testing kits
- $2.7 million for a consumer home electronics business located in Hong Kong and California
- $3 million for a Hong Kong- and China-based designer and distribution shoe business
- $500,000 for a distiller of beverages based in Mexico and California
- $400,000 for a California-based manufacturer of chocolate and bakery toppings
- $300,000 for a Miami-based shoe designer and manufacturer
- $200,000 for a North Carolina-based distributor of vegetables
- $11 million increase to a facility for a Mexican logistics provider
“We are delighted with the growth we have seen so far this year,” Barry Kastner, executive vice president and senior managing director at Marco, said. “Our pipelines continue to grow in both our domestic and international businesses. We are grateful to our clients and referral sources for the trust they have put in us, and we are looking forward to continued growth throughout the year.”
“These new financing facilities demonstrate the breadth of industries we serve and transaction structures that Marco provides,” Fred Leder, chief credit officer at Marco, said. “Thanks to our expertise in cross-border trade and foreign accounts receivable, we are able to design full-service financing facilities for clients struggling to secure all the funding they need to grow their businesses.”