“We spend so much capital maintaining our normal operations that we never have the resources we need to expand our business.”
Luis Mario Morales
General Manager of Chucho Produce
Company
Chucho Produce
Location
Sonora, Mexico
Profile
Grower
Challenge
Lack of capital
to invest in technology
for business expansion
Solution
Pre-Season
financing
Chucho Produce LLC grows and sells high-quality fresh produce in Sonora, Mexico, using advanced technology and packaging processes. They have been in business for over 10 years and specialize in heirloom tomatoes, organic Roma tomatoes, and cucumbers.
The challenge:
Secure capital for investing in technology and expansion.
Chucho Produce’s success in delivering high-quality produce to their customers has enabled them to expand their business into new regions and products.
To continue their expansion, they needed working capital to invest in the infrastructure and technology that would allow them to increase their production capacity and diversify their offerings.
They tried to secure financing from traditional lenders but found that banks weren’t interested in learning about their business and didn’t offer solutions that made sense for their unique needs as growers.
“For many years ProducePay has been a key partner, helping to drive our growth with their working capital solutions.”
Luis Mario Morales
General Manager of Chucho Produce
The solution:
A customized financing solution to fuel growth.
With ProducePay, Chucho Produce discovered a strategic partner who understood their business and could offer the tailor-made financing solutions they needed to grow.
After consulting with the ProducePay team, Chucho decided that Pre-Season financing was the best choice for their business.
This financing solution provided Chucho Produce with capital to expand on their specific goals. And because the repayment terms were built around when their products shipped to customers, they always had the cash they needed to invest in themselves.
“For many years ProducePay has been a key partner, helping to drive our growth with their working capital solutions. In 5 years, we expect to double or triple our sales, so we need to continue to grow our financing needs with ProducePay.”
Luis Mario Morales
General Manager of Chucho Produce
