Loads strengthens its food platform with a credit line of US$15 million

Loads, the Chilean cross-border food trade fintech co-founded and led by Larry Gil, closed a revolving credit line of US$15 million with Addem Capital, a Mexican firm specializing in structured debt. Unlike an equity round, the funds go directly toward financing the loans Loads offers its customers, without diluting the ownership stakes of its founders and investors. The company has already begun deploying this capital.

Loads integrates trade and financing on a single platform

The company operates a cross-border commerce platform that connects food supply, demand and financing globally. It currently has active teams in Chile, Peru, Colombia, Mexico and Europe.

During the first half of 2026, Loads moved 11,4 million kilograms of produce, mainly avocados, grapes, apples and kiwis, with particularly strong growth in the latter.

The company generated approximately US$12 million in revenue during the previous fiscal year and projects quadrupling that figure in 2026. Including the financing component, the company estimates growth of up to 10 times.

Credit is part of the trade flow

In Loads' model, financing is not a standalone product, but is integrated into the platform's operational workflow.

“We let customers load the container without paying in advance. In this industry, suppliers often need working capital and ask the importer to pay for that container,” explained Larry Gil, CEO and co-founder of Loads.

The integrated loans have an average ticket size of US$35.000, terms of approximately 35 days and a target turnover of nine times a year. Under this structure, a US$15 million line can generate a significantly larger financed volume over the course of the fiscal year.

The operation is structured as revolving working capital for agribusiness SMEs, a model Addem Capital assesses based on short-term assets tied to real, recurring transactions.

Loads opts for structured debt over equity

The choice of a credit line reflects the company's current stage. With traction and actual revenue, Loads decided to leverage its loan portfolio through structured debt rather than pursue a capital raise that would dilute its founders and investors.

The financial business also represents a significant component of the company's offering. According to the information provided, the margins generated by short-term loans to agribusiness SMEs exceed the operating spreads associated with food trading.

A model combining fintech and operations

Loads' case reflects a model in which an operating platform and a fintech solution work together. Rather than presenting credit as a separate product, the company incorporates it directly into the cross-border food trade workflow.

This structure makes financing part of its customers' operations, while enabling the US$15 million line to support new loans within the platform.

For the Latin American ecosystem, the model represents a combination of a fintech vertical and an operating platform, where credit becomes a built-in feature of an industry that has historically received limited attention from the region's traditional banking sector.