A Spain-based manufacturer of biodiesel fuel. This innovative company takes recycled vegetable oil and converts it to clean-burning biodiesel which is used as an additive in refined products throughout Europe.
The Company’s recent expansion of its plant capacity to meet growing customer demand resulted in cash flow constraints.
€4.0 million in supplier credit and factoring facilities enhanced the Company’s cash flow by providing extended payment terms to vendors and access to working capital to support its growth strategy.
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