Case Study: GreenFruit Avocados boosts Colombian avocado volume with Silo

GreenFruit Avocados - Customer Case Study

GreenFruit Avocados, a growing avocado distributor, faced a financing challenge when a major opportunity to expand their Colombian avocado line arose. Traditional banks offered inflexible loans based on past receivables, which were unsuitable due to rising and fluctuating market prices. This created a capital barrier that prevented them from securing the inventory needed for a new retail partnership. To solve this, they turned to the vendor Silo and used its Silo Cash Advance product.

Silo provided a fast, industry-specific financing solution that considered seasonal patterns and overall business health, not just past performance. This allowed GreenFruit to immediately secure the necessary capital. The results were significant: they secured new business with major big-box retailers, became a top supplier of Colombian avocados, and increased their import volume by 40%.

GreenFruit Avocados

Donald Carter

Chief Financial Officer