SICA

To support its growth and diversify its activities, particularly in the production of endives, the SICA Saint Pol de Léon agricultural cooperative turned to Leasecom for a flexible and responsive financing solution tailored to its specific needs.

Context

With a turnover of €225 million in 2023 and an annual production of around 200,000 tons of vegetables, the SICA Saint Pol de Léon cooperative is one of the leading players in agriculture in Brittany.

Faced with growing investment needs and limited borrowing capacity from traditional banks, the cooperative was looking for alternative financing options to support its development without compromising its liquidity.

Solution

Leasecom offered SICA Saint Pol de Léon a customized approach, enabling it to quickly finance critical equipment for diversified horticultural production through leasing.

The partnership began with the financing of two tomato packaging lines, for a total of €900,000, followed by further investments in equipment for a new endive production plant, worth an additional €600,000.

Benefits

The collaboration with Leasecom has enabled SICA Saint Pol de Léon to respond quickly to its expansion needs while maintaining the financial balance necessary for day-to-day management.

Thanks to Leasecom, the cooperative benefits from better cash flow management, greater flexibility in asset financing, and the ability to invest in new projects without excessive delays.

This approach allows SICA Saint Pol de Léon to grow while ensuring a sustainable future for all its members.

Customer testimonial

“Leasecom stands out for its immediate understanding of our needs and its ability to offer financing solutions that are perfectly adapted to the type and life cycles of our investments.

Their flexibility and responsiveness allow us to maintain financial balance while effectively responding to our development needs.”
— Sébastien Geulin, Chief Financial Officer of SICA Saint Pol de Léon