Marco Financial Provides a $9,000,000 Trade Finance Facility for Spectralink Corporation

January 25, 2021

Source: Marco Financial

Marco Financial established an expanded international trade finance facility for Spectralink Corporation, an affiliated portfolio company of Sun Capital Partners, Inc.  The company, a Boulder Colorado based global provider of on-site enterprise mobile communication solutions, required additional funding in part to finance production of a new significant contract with a major US based customer.  With customers in Europe, as well, Marco was well suited to replace and enhance Spectralink’ s existing factoring facility. 

Gabe Orvis, Spectralink’s CFO commented, “we were impressed with the Marco Team’s experience and their understanding of our business. Their attentiveness and cooperation concerning legal issues and documents were key to a successful transaction.  We are excited for this relationship”.

Barry Kastner, Marco’s EVP and Senior Managing Director added “the professionals at Spectralink were a pleasure to work with and helped complete this transaction seamlessly, despite the intricacies of working with foreign entities and laws. We very much appreciate the confidence of management and ownership”.

Marco’s CEO and co-founder, Jacob Shoihet commented, “It gives me a great deal of personal satisfaction when we can assist a company with its growth initiatives.  We appreciate the faith that Spectralink and their private equity firm have placed in Marco.  From small exporters in Latin and Central America to larger businesses in the US and Canada, Marco provides customized solutions for each client we work with”.

Marco is revolutionizing global trade by providing reliable, working capital for Latin American SMEs. Marco addresses the $350 billion trade financing gap in Latin America by developing an innovative and proprietary risk model that processes data in real-time to dynamically assess risk and mitigate capital loss. Its factoring approach to trade finance reduces risk and frees up cash, enabling underserved SME exporters to continue operations and invest in growth. Founded in 2020 by Peter D. Spradling and Jacob Shoihet, Marco is headquartered in Miami, FL with offices in New York and across Latin America. Marco is backed by Struck Capital and Antler, and its credit facility is underwritten by Arcadia Funds, LLC. For more information on how Marco can help power your exports with working capital, please visit marcofi.com.

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