“Not only was FGI able to give us significantly more working capital than our previous bank, they were the only ones able to finance our Latin American subsidiaries in Mexico, Panama, Chile and Columbia. They understood our business and provided us with a $7 million facility along with business tools to support our future growth in these regions.”
FGI Provides ISTC with a $7 Million Facility
Since 1995, International Security & Trading Corporation has specialized in offering complete security solutions to the Latin-American and Caribbean markets. A leading distributor of fire & safety, access control, security and video monitoring products, they are an authorized distributor for manufacturers such as Honeywell, Bosch, and Tyco.
ISTC, which had a traditional line of credit with a major bank, was encountering obstacles securing increased availability due to their international customer base. With opportunities for significant international expansion lying ahead, they needed a lender that would support their growth in Latin America and provide them with availability on their AR and inventory in foreign locations, a situation perfectly suited for FGI.
FGI’s extensive expertise working in Mexico and South America proved invaluable to ISTC. Not only was FGI able to provide the company with a $7 million facility against all AR in the US, Mexico, Panama, Chile and Columbia, and against US inventory, they were also able to provide ISTC with business tools to support their future growth in these regions.