Trade Finance Gets Entrepreneur Out Of Funding Pickle

THE CHALLENGE: This novelty pickle startup just garnered a $35,000 order from grocery store giant Whole Foods. However, financing this critical order was going to be a challenge for this young startup company. Traditional financing was not an option, and money was needed to purchase the pickles, packaging materials, and pay the co-packer.

THE SOLUTION: Premier Trade created a Purchase Order to meet the upfront costs associated with delivery of the order. In addition, we employed our factoring program to provide for ongoing cash flow needs once the product was invoiced to Whole Foods.

THE RESULT: Our unique Trade Finance program provided a quick and simple solution for this talented entrepreneur, funding the successful growth of his business in the competitive food and beverage industry.