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The Secured Lender
SFNet's The 81st Annual Convention Issue
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August 15, 2023
Source: Marco
FruitBreeze LLC, a wholesale trader of fruits and vegetables, has been granted a factoring line by Marco to offer better payment terms to its overseas customers without disrupting its day-to-day operations. Currently, the company serves well-known clients in both the United States and Japan. With the help of this new factoring arrangement, they are also expanding their customer base to new markets, including Europe.
"The factoring service from Marco has proven to be effective and reliable," said Emmanuel Salazar, Managing Partner of FruitBreeze. "It has allowed FruitBreeze to improve its dealings with institutional clients in the US and Japan. We're grateful to the whole team for their service and support throughout the process."
"We're excited to help our clients grow their businesses. We understand the challenges of operating without a steady cash flow, especially in international trade where payment timelines are longer. Businesses can't always depend on these timelines without hurting their sales," explained Gustavo Heber, Business Development Officer at Marco. "International factoring is a tool designed for such situations. Marco's goal is to assist these companies in operating smoothly, without pressure, so they can achieve their business growth objectives."
About Marco: Marco is a full-stack fintech platform providing trade finance to SMEs across Latin America and the US. Its factoring approach to trade finance reduces risk and frees up cash, enabling underserved SMEs to streamline operations and invest in growth. Founded in 2020 by Peter D. Spradling and Jacob Shoihet, and with over 50 employees, Marco is headquartered in Miami, FL, with offices in New York City and Montevideo, Uruguay.
"The factoring service from Marco has proven to be effective and reliable," said Emmanuel Salazar, Managing Partner of FruitBreeze. "It has allowed FruitBreeze to improve its dealings with institutional clients in the US and Japan. We're grateful to the whole team for their service and support throughout the process."
"We're excited to help our clients grow their businesses. We understand the challenges of operating without a steady cash flow, especially in international trade where payment timelines are longer. Businesses can't always depend on these timelines without hurting their sales," explained Gustavo Heber, Business Development Officer at Marco. "International factoring is a tool designed for such situations. Marco's goal is to assist these companies in operating smoothly, without pressure, so they can achieve their business growth objectives."
About Marco: Marco is a full-stack fintech platform providing trade finance to SMEs across Latin America and the US. Its factoring approach to trade finance reduces risk and frees up cash, enabling underserved SMEs to streamline operations and invest in growth. Founded in 2020 by Peter D. Spradling and Jacob Shoihet, and with over 50 employees, Marco is headquartered in Miami, FL, with offices in New York City and Montevideo, Uruguay.
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