Marco Financial Establishes Factoring Facility for Produce Distributor

Marco Financial established a factoring facility for a processor and marketer of Persian limes grown and processed on farms located in the company’s Veracruz, Mexico, facility and distributed from its facility in Pharr, TX. The company sought factoring in order to continue growth as it distributes produce throughout the U.S. and Canada.

“Marco was a good choice for this applicant given a somewhat complex transaction involving another lender and a diverse collateral pool securing various existing finance facilities,” Fred Leder, CCO and senior vice president of operations at Marco Financial, said. “Our experienced underwriting and portfolio management/structuring teams collaborated to build a finance facility that safely protected our capital and did not weaken the other lender’s position. Overcoming complexity separates us from the crowd.”

“Marco’s presence in the U.S., Latin America and Mexico made us the right choice for this family-owned business that looked to enhance its cash flow,” Barry Kastner, executive vice president and senior managing director at Marco Financial, said. “Marco’s impressive growth continues as we support businesses in a variety of different countries and sectors. From small exporters in Latin and Central America to North American business seeking cash flow, Marco provides flexible solutions for each client.”