Working Capital
Working Capital
Through its affiliate Park Street Financial Services, LLC, Park Street offers early payment solutions to qualified emerging and established alcoholic beverage suppliers.
What is working capital financing, and how does it apply to alcoholic beverage brands?
Park Street provides working capital support in the form of early payment advancement to invoices generated by Park Street to distributors.This enables suppliers to have immediate availability of funds to fund growth, meet seasonal liquidity demands, optimize production runs, amongst other examples.
Can you provide capital for growth into new states or markets?
Technically yes, it depends on the invoice and to what distributor it is being approved for. Each distributor has access to sell in particular markets. This would depend on what market the distributor is purchasing the product for.
Is the capital you provide tied to distributor receivables or inventory?
- Distributor receivables.
What are the eligibility criteria (revenue, distribution presence, credit history)?
Based on the distributor’s credit worthiness, prior history with Park Street (amongst other factors reviewed by the accounting department) the invoice will receive the early payment advancement.
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