Fueling global growth
How Cor Tech Group strengthened its U.S. expansion with flexible financing
Cor Tech Group US LLC (“CTG”) is a global wholesale distributor of food products serving leading retailers and suppliers.
As CTG expanded its international presence, a major opportunity arose to grow its footprint in the U.S. market. Accelerated demand from a leading U.S. retailer created a greater need for additional working capital to support higher volumes and extended payment cycles.
THE CHALLENGE
CTG’s U.S. growth brought tremendous opportunity, but also the need for greater liquidity.
“Our rapid growth has significantly increased our capital requirements, prompting us to evaluate a range of financing options, including expanding our existing facilities with eCapital,” said Beth Mortiz, Financial Controller at CTG
The increased facility will play a key role in supporting our continued expansion into the U.S. market and strengthening our company’s long-term growth trajectory.”
Financial Controller, CTG
Beth Mortiz
THE SOLUTION
To meet CTG’s growing working capital needs, eCapital increased the company’s facility from $4 million to $10 million through a tailored recourse A/R financing solution that includes both receivables and inventory.
“We chose to continue our partnership with eCapital due to the exceptional service we have consistently received,” said Beth
THE RESULTS
The enhanced facility provides CTG with the liquidity to sustain its fast-paced growth while maintaining smooth supply chain operations across global markets.
“The increased facility will play a key role in supporting our continued expansion into the U.S. market and strengthening our company’s long-term growth trajectory,” said Beth. “We look forward to our continued partnership with eCapital.”
Explore the solutions that supported Cor Tech Group next stage of growth.
A/R Financing
Flexible financing solutions to help businesses improve cash flow, and unlock capital for growth.
