Express Trade Capital provided a $2.5 million accounts receivables facility for a Nevada-based organic spice importer. The client, which has been in business since 2010, imports organic spices, herbs and botanicals like cardamom, ginger, turmeric and saffron.
In the second half of 2020, the company experienced a 600% increase in demand from wholesalers across America, putting heavy strain on its working capital. The increased cash flow from faster payments provided by the AR facility opened the client’s production bottleneck and preserved its increased sales.
