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ExWorks Capital Provides Export SBA Financing to U.S. Distributor

September 16, 2016, 07:06 AM
Filed Under: Distribution

A U.S. based company designs, sells, and exports cultured marble manufacturing molds and spare 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, sourcing the various parts of the plant from U.S vendors for export. Since 2005, the company installed fourteen manufacturing lines in Kazakhstan, Nigeria, Ethiopia, China, Mexico, Ghana, and Canada.
ExWorks Capital, through its subsidiary World Trade Finance LLC, provided the company with a $400,000 SBA working capital line of credit in order to 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, an ExWorks Capital company.
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. 

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