Loads secures $15M debt line to scale embedded credit in food trade
What's the deal? LoadsDealroom has a profile for this one. Try Dealroom →, a Chilean cross-border food trade fintech, has closed a $15 million revolving credit line with Addem CapitalDealroom has a profile for this one. Try Dealroom →, a Mexican structured-debt firm. Unlike an equity round, the capital directly funds the credit Loads extends to clients, without diluting its founders or investors. The company has already begun deploying the funds.
What's the endgame? Loads runs a cross commerce platform connecting food supply, demand, and financing globally, with teams in Chile, Peru, Colombia, Mexico, and Europe. Its buy-now, pay-later scheme lets importers load a container without prepaying it.
In its own words: "It allows the customer to load the container without prepaying it. In this industry, suppliers often need working capital and ask the importer to pay for that container," said Larry Gil, chief executive officer and co-founder (translated from Spanish).
The numbers: Loads moved 11.4 million kilograms of food — mainly avocados, grapes, apples, and kiwis — in the first half of 2026. It billed about $12 million in the prior year and projects quadrupling that in 2026, or up to 10 times growth including financing.
Why debt? The average embedded loan is $35,000 over roughly 35 days, with a target of nine turns a year — letting the $15 million line finance far more volume across the year. With proven traction and real revenue, Loads chose to leverage its loan book rather than dilute through equity.
The signal: The case reflects a recurring Latin American trend: a fintech vertical paired with an operating platform, where credit stops being a separate product and becomes a feature within the flow — in a segment long underserved by the region's traditional banks.
Read more: startupslatam.com
Image credit: USDAgov
