SOURCE: BusinessCash

Invoice Factoring Company

May 31, 2015 11:14 ET

BusinessCash Sees Expansion in Wine Import and Export Funding

FT. LAUDERDALE, FL--(Marketwired - May 31, 2015) - BusinessCash announces an increase in accounts receivable factoring and purchase order financing services for their wine industry import and export clients in the first quarter of 2015. The wine importers and exporters have expressed an increased need for working capital because of product demand growth and the time lag between the production, distribution and final payment by their customers. Wine importers and exporters are pointing to premium wine brand demand as the main reason for the increase.

“People are trading up. They’re drinking better quality wine and prepared to pay more,” said Xavier de Eizaguirre, chairman of international wine and spirits exhibition Vinexpo.de Eizaguirre continued, “And one factor that will help the U.S. now is that the dollar is strengthening. That will make some of the (more expensive imported) wines more accessible.”

U.S. table wine exports to Canada alone were US$1bn in sales last year, according to a report from Wine Institute of California this month. "California wines continue to outperform its competition in all the major markets across Canada," according to Rick Slomka, Wine Institute Trade Director for Canada. "Canadian consumers have confidence in the quality and value offered from California and our wines are successful in all price segments. Recent and previous in-store promotions in the major markets have created a solid base and strong momentum for California wines.”

BusinessCash’s National Sales Manager, Chris Curtin, says, “Demand for high-end wines is rising. Our wine clients don’t want to lose out because of logistical challenges or a shortage of working capital. No matter where you are on the supply chain your business should not be slowed or your sales reduced because of inadequate working capital.”

About BusinessCash
Since 1998, BusinessCash.com has offered solutions to tough business working capital problems including: extreme cash flow issues, rising expenses and shrinking profit margins. From wholesalers to temporary staffing agencies, from government contractors to oil and gas industry suppliers, business owners grow their companies through Invoice Factoring, AR Management, Credit Protection and Purchase Order Funding with BusinessCash.com. To get funded now, please call 866-598-4295 or visit http://www.businesscash.com

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