Trade and supply chain finance solutions provider Finacity Corporation has sourced a US$5mn trade finance line for Panama’s Luzar Trading.

The Panama-based trading house will use the loan to support its sales of, specifically of corn, soy, wheat, other agricultural products and their derivatives, into the Colombian market.

The firm, which serves over 100 customers across the Americas, also asked Finacity to assist it in expanding its global group of financiers, with more credit facilities with various financial institutions currently under discussion.

Finacity specialises in sourcing trade and supply chain financing from capital markets.