Injection Molding Facility Gets Working Capital Injection From Harbor

Harbor’s supply chain finance program enables additional liquidity for a Mexico-based manufacturer.

DELRAY BEACH, FLA. – Harbor, a fintech company redefining international trade finance, announced the closing of a supply chain finance program for a Mexico-based injection molding company. Harbor's program will allow the business to procure goods from their international suppliers on credit to better manage their working capital. This program was structured with Kampala Capital, an origination and syndication partner based in Monterrey, Mexico.

Working capital management is currently of heightened concern for businesses that trade internationally as slow shipping speeds due to Covid-related container shortages and port closures have caused major delays to production schedules and sales. Soaring freight costs are also to blame for the current hostile global trade environment. In addition, production capacity is down due to Covid-related restrictions in petrochemical hubs like China and Thailand. Recent inclement weather in Louisiana and Texas is another cause for supply shortages and rising prices.

The company, which manufactures toys and plastic products designed for food and beverages storage, imports plastic resins to Mexico from primarily U.S. based traders.  Short supply and rising prices have taken a toll on the business’s cash conversion cycle since raw material purchases are a cash business in the current environment. With Harbor’s supply chain finance program in place, suppliers are paid at shipment and the buyer is given extended terms, injecting liquidity into the supply chain.

About Harbor

Harbor is a trade finance provider offering working capital solutions for businesses involved in cross border trade. Their programs include supply chain finance, receivables finance and inventory finance – end to end solutions covering the entire cash conversion cycle.

Harbor’s proprietary platform makes trade finance more streamlined and accessible for small and middle market businesses. In addition to working capital, the HarborTrade platform offers automation tools to improve visibility and operational efficiency among trading partners.

Harbor facilitates trade both domestically and internationally with offices and representatives in Miami, Los Angeles, New York, Hong Kong, Germany, and Mumbai.