A food and beverage packaging manufacturer was approached by several of its major beverage customers and asked to significantly ramp up production to meet increasing demand amid the COVID-19 pandemic.
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Financing the seafood industry has always been an inherently risky proposition for banks and traditional lenders. With inventories that demand absolute precision and a steady stream of perishable goods that require swift distribution, finding a lender willing to finance these unpredictable yet often very lucrative deals can be a significant hurdle to overcome.
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