Case Study: NYC Tropical House Inc. boosts profit margins with Silo

Finance industry veteran praises Silo Capital for expanding his businesses profit margins

NYC Tropical House Inc., a Bronx-based wholesale produce business, faced a challenge common in the perishables industry: the need to pay international suppliers upfront severely constrained their working capital and limited their ability to negotiate better rates, which ate into their profit margins. As a former finance professional, owner Manny Concepcion sought a flexible alternative to the rigid financing options offered by traditional banks.

Silo provided NYC Tropical House with a tailored solution through its Silo Instant Pay product, which supplied the working capital needed to pay suppliers early. With this backing, the company negotiated discounted purchasing prices and expanded its profit margins by 5%. Silo’s inventory and accounting software also provided critical profit and loss insights for better decision-making, allowing the business to confidently reinvest in new assets and accelerate its growth.

NYC Tropical House Inc

Manny Concepcion

Chief Executive Officer