NEWS / BLOG

TRADE FINANCE SOLUTIONS PROVIDES FINANCING TO SUPPORT BIODIESEL COMPANY

5-23-2016

Trade Finance Solutions Inc., a leading provider of global trade financing solutions, provided €4.0 million in supplier credit and factoring facilities to a Spain-based manufacturer of biodiesel fuel (“Company”). The facilities will enhance the Company’s cash flow by providing extended payment terms to vendors and access to working capital to support its growth strategy.

This innovative company takes recycled vegetable oil and converts it to clean-burning biodiesel, used as an additive in refined products throughout Europe.

Supplier credit, also known as supply chain finance, allows companies to lengthen the payment terms of their commercial purchases while providing the option for vendors to get paid early. Factoring provides smoother cash flow to aid in their financial planning or managing growth, and the facility size can grow with increasing revenues.

“Our facilities enhanced our client’s cash flow and having sufficient capital provided peace of mind to the Company’s management team in taking advantage of growth opportunities,” said Bruce Sim, global head, business development of Trade Finance Solutions. “We continue to expand our customer base across Europe, a key growth market for TFS.”

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