Aurous Financial Services Completes a $30 Million Revolving Trade Finance Facility for a Texas-based Client Selling Electronics

Aurous Financial Services completed a $30 million revolving trade finance facility for a Texas-based client selling electronics to a Big Box retailer in Mexico for 2023.

Jeff Sirchio, director of Loan Operations at Aurous states “We are excited to assist one of our AR lenders with a trade finance facility to support their client’s needs.”

The client had been in a significant over advance with their AR lender and was out of formula. Aurous came in and restructured purchase strategies and agreed to a reduced advance rate which required Aurous to await upon collection by the account debtor.

By doing so the client became compliant with the AR lender and is moving towards a profitable 2023!

Jeff says “we are very pleased that we have been a part of turning this situation around!”