Case Study

Rewrite your story with a tailored blend of capital and technology.

Silo delivers a tailored combination of Capital and Technology solutions to help the new owner of New Asian Tropical begin a thriving new chapter for his business.

New Asian Tropical is a smaller company, but Silo makes me feel like we are their most important customer. I feel like a partner.

Patricio Espinosa

Owner and CEO at New Asian Tropical Produce

Featured Products

Let's get to know
New Asian Tropical

New Asian Tropical is a produce wholesaler shipper importer proudly based in Homestead, Florida that brings tropical produce varieties from Ecuador, Peru, Central America, and the Caribbean to their American community. They prioritize supporting their employees, trust and honesty with their business partners, and generating lasting value for their producers. Ultimately, they seek to positively impact their community and reduce their environmental impact over time.


Homestead, Florida, USA

Team Size


Their Goals

As they look to the future, New Asian Tropical is excited to expand and innovate. Patricio, new owner and CEO, ultimately wants to bring more products from Ecuador, his home country, to the rest of the world. New Asian is excited to develop more retail partnerships and expand the New Asian Tropical brand, as they continue to create opportunities for their employees and invest in their community.

Special ingredient to share


Crispy Eddo Fries


  • 1 lb. (450g) eddo
  • 2 tablespoons olive oil
  • 1 teaspoon dried oregano
  • 1 teaspoon dried thyme
  • ½ teaspoon garlic powder
  • 1/8 teaspoon cayenne pepper (optional)
  • Sea salt, to taste


  • Preheat the oven to 425°F (220°C). Line a baking sheet with parchment paper.
  • Trim the ends of the taro root and peel it.
  • Cut eddo into fries. Rinse and pat dry. Transfer the fries to a large bowl. Add the olive oil and all the spices except salt and toss well to coat.
  • Arrange the eddo fries in a single layer on a parchment-lined baking sheet and bake for 30 minutes, until golden brown, flipping halfway through.
  • Sprinkle with sea salt while warm and enjoy.

New Asian Tropical leverages a blend of Silo Capital and Silo insights to Boost Profit Margins

The Challenge

During the Covid 19 pandemic, Patricio Espinosa purchased a produce wholesale business called New Asian Tropical in Homestead, Florida. Just as with every other business in the produce industry, New Asian Tropical had faced financial challenges during the pandemic that ate into their profit margins and required them to take on debt. Patricio was an experienced entrepreneur with a vision for how he wanted to transform and improve this business but to do so, he needed insights into his operations and access to the working capital necessary to take action.

The Solution

New Asian Tropical applied a combination of Silo tools to reform their business and rebrand themselves under Patricio’s new leadership. Silo Cash Advance was first used to settle old bills and reignite relationships with suppliers. Once cash flow was stabilized, Patricio used Silo Cash Advance funds to negotiate better rates with his suppliers and grow his profit margins. At the same time, Silo’s Inventory Management and Accounting software was deployed to replace an old, costly system, and deliver the essential sales reporting Patricio needed to make the right buying decisions.

You get better rates with suppliers when you pay quickly or upfront. Silo Cash Advance gave us the ability to pay quickly and reduce our costs to suppliers.

The Results

Growth icon

Increased profit 9 percentage points

A prescriptive combination of Silo Cash Advance funding and the Silo software’s sales reporting helped Patricio expand his profit margins seamlessly. With the right tools, he had new confidence in the decisions he was making for his business and the funding to take necessary action.

Piggy bank icon

Successful reform and rebrand of a newly acquired company

Silo Cash Advance was used to stabilizeNew Asian Tropical’s cash flows by bringing the business up to speed on supplier payments and other expenses. Once the financial foundation was secure, they began to free up funds to invest in expanding their brand.

Time icon

New inventory management and reporting tools

Silo’s cost effective Inventory and Accounting software solution replaced New Asian Tropical’s old costly inventory system that failed to give the business the organization and actionable insights it needed to thrive.

Read the Full Story