Blooms Trade and Silo Technologies Partner on Produce Financing
Blooms Trade and Silo Technologies announced a strategic referral partnership in a press release to provide pre approved factoring lines to selected Silo users in the North American produce supply chain.
The program uses a volume tiered deployment strategy for a pre vetted list of Silo users. Blooms said the facility provides fully committed factoring lines for produce businesses that need liquidity.
Blooms Trade operates with PACA License #20240904 and DRC #5484. The company said it combines produce industry experience with advanced technology and AI capabilities across the value chain.
Silo clients using the facility will be covered by Blooms Trade's AML/CFT compliance program, including continuous FTO screening and payment security controls. The companies said the next step is funding the selected users.
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