Marco Announces Recent Transactions

March 3, 2022 – Marco Capital Inc. is pleased to announce several new recent financing transactions, including:

•            A $10,000,000 facility for a Canadian distributor of Covid testing kits.

•            A $2,700,000 facility for a consumer home electronics business located in Hong Kong and California.

•            A $3,000,000 facility for a Hong Kong and China based designer and distribution shoe business.

•            A $500,000 facility for a distiller of beverages based in Mexico and California.

•            A $400,000 California based manufacturer of chocolate and bakery toppings.

•            A $300,000 facility for a Miami based shoe designer and manufacturer.

•            A $200,000 facility for a North Carolina distributor of vegetables.

•            An $11,000,000 increased facility for a Mexican logistics provider

Barry Kastner, Marco’s EVP & Senior Managing Director said “We are delighted with the growth we have seen so far this year.  Our pipelines continue to grow, in both our domestic and international businesses. We are grateful to our clients and referral sources for the trust they have put in us, and we are looking forward to continued growth throughout the year”.

Fred Leder, Chief Credit Officer added “These new financing facilities demonstrate the breadth of industries we serve and transaction structures that Marco provides. Thanks to our expertise in cross-border trade and foreign accounts receivable, we are able to design full-service financing facilities for clients struggling to secure all the funding they need to grow their businesses.”    

Marco is revolutionizing global trade by providing reliable, working capital for 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 Montevideo. Marco is backed by leading venture capital firms, 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.