Frequently Asked Questions
How does Blooms support exporters?
We offer working capital credits for production with a term between 6 and 9 months, as well as financing for harvesting and packaging (pick and pack) and international factoring
What is the amount of the working capital credit?
For working capital to produce the amount is up to 15% of the value of annual exports, with a minimum amount of USD$400,000 and maximum of USD$2,000,000.
How much is the pick and pack and factoring amount?
Between 50 and 85% of the export value respectively
What does efficient export collection mechanisms mean?
With Blooms we support your timely collection, including the mechanisms under the PACA Law
Do I need to be an exporter to be a Blooms customer?
Yes, you need to have a history of exporting to the US
What type of crops and products does Blooms finance?
Fresh horticultural products
How long does it take to authorize a loan?
For working capital a maximum of 3 weeks. For factoring one week
How long does it take to disburse the money?
48 hours from underwriting
Which are the requirements?
Have history as an exporter
3 year financial statements
Articles of incorporation, statutes and powers
Authorization for credit bureau consultation
Provide the SAT CIEC code