Marco Completes Funding for Texas-based Produce Distributor

Marco Capital Inc. established a factoring facility for a processor and marketer of Persian limes, which are grown and processed on their farms located in Veracruz, Mexico facility and distributed from their facility in Pharr, Texas. The company sought factoring in order to continue their growth as they distribute their produce throughout the US and Canada.

CCO / SVP of Operations Fred Leder remarked that “Marco was a good choice for this applicant given a somewhat complex transaction involving another lender and a diverse collateral pool securing various existing finance facilities.  Our experienced underwriting and portfolio management/structuring teams collaborated to build a finance facility that safely protected our capital and did not weaken the other lender’s position. Overcoming complexity separates us from the crowd.”

Barry Kastner, Marco’s EVP & Senior Managing Director said, “Marco’s presence in the US, Latin America and Mexico, made us the right choice for this family-owned business that looked to enhance its cash flow.    Marco’s impressive growth continues, as we support businesses in a variety of different countries and sectors.  From small exporters in Latin and Central America to North American business seeking cash flow, Marco provides flexible solutions for each client.”

Marco is revolutionizing global trade by providing reliable, working capital for North American and Latin American SMEs. Marco addresses the $350 billion 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 Antler and Struck Capital, 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.