Well-Loved CPG Producer of Moroccan Foods Rocks the Kasbah with Express Trade

A family-owned wholesaler specializing in delectable Moroccan staples sought Express Trade’s assistance early in their business venture. Gaining a devoted customer base for their unique, clean-ingredient products, they simultaneously attracted the attention of major retailers, requiring financial support for their expanding production.

Fortuitously, amid numerous finance options, they found
Express Trade-an encounter that marked the beginning of a beautiful partnership. As items like harissa, shakshuka, olives, and preserved lemons flew off the shelves, both the client, and ETC acknowledged that standard factoring wouldn’t suffice for their rapid growth.

Considering short lead times and high inventory turnover, ETC’s purchase order funding wasn’t the ideal solution. Instead, the client needed an inventory line to secure additional cash for new facilities and increased production. The combination of the inventory line and comprehensive AR financing (factoring, collections, and credit insurance) consistently generated ample working capital, serving as the sole financing source for the past 8 years.

With the suave sophistication of Humphrey Bogart, the client effortlessly introduced new product lines and expanded their customer base year after year. We are honored to continue being part of their remarkable growth. Closing 2023 with an impressive 57M in factored sales, a 12x growth from their initial $600k with ETC, they bid farewell to cash flow issues. When it comes to overcoming financial challenges, ETC proudly declares, “Here’s looking at you, kid!” Rest assured, no fedoras were harmed in this financing journey