Platinum Funding Group Provides Letter of Credit to Growing Food Import and Distribution Firm
Platinum Funding Group completes a two-year Letter of Credit and Accounts Receivable finance facility with Fresh Harvest Products, Inc., a growing importer and distributor of organic foods that required Letter of Credit financing to fill customer orders. Platinum was able to quickly and efficiently meet the client's needs and facilitate expansion of sales due to greater working capital availability.
New York, NY (PRWEB) January 30, 2007 -- Platinum Funding Group announced today it has completed a two-year deal to provide letter of credit and accounts receivable financing for Fresh Harvest Products, Inc. ("Fresh Harvest"), a growing New York City-based importer and distributor of quality organic, natural and kosher food products.
Eyal Levy, CEO and founder of Platinum Funding Group, stated: "With Fresh Harvest's incoming orders growing, Platinum's financing was crucial in assuring the company's vitality as it grows."
Fresh Harvest distributes Wings of Nature™ organic food products. Its product line includes health bars, coffee, olive oil and a variety of beverages that are supplied to large regional supermarket chains including ShopRite, Whole Foods and Tree of Life (one of USA's largest natural and organic food distributors). Fresh Harvest has been in business since 2003.
Fresh Harvest received from Platinum Funding Group a letter of credit financing facility to assist in the purchase of products to fill customers' purchase orders. With Platinum Funding Group's letter of credit financing and accounts receivable factoring services, the company expects strong sales growth for 2007 and expansion into the national market.
"We chose to work with Platinum Funding Group because of their professionalism, flexibility, efficiency and their desire to build a relationship with a young growing company," said Michael J. Friedman, President of Fresh Harvest Products, Inc. He added: "As we expand nationally, we look forward to continuing to work with Platinum."
For more information, visit www.PlatinumFundingGroup.com or contact:
Anna Belkina
Platinum Funding Group
212-944-2828 ext. 15
Brian Hickey
Walek & Associates
212-590-0529
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