As can be seen, the delays and complications associated with trading overseas can be a great burden on an importer’s cash flow. As a result, financing importers allows businesses to overcome these challenges, leaving working capital free to invest into growing the business.
Hence, Import Finance will help your business close the funding gap between an order from China or Latin America and the time of delivery. As can be seen, importers usually experience a financial gap from the time you buy the product to the time you collect payment. Certainly, most exporters in Latin America or China require 50% of the purchase order upfront and the remaining 50% when your products arrive in the U.S. Eventually, once your products arrive in the U.S. it will take 30 to 120 days to pay you; creating an aging receivable for your company. Evidently, this places pressure on cash flow and can prevent importers from buying products on an on-going basis.
Financing your purchases helps ease the pressure on cash flow and can take care of some of the complex paperwork and procedures that come with it. Unlike factoring or a bank loan, our process is fast and simple. Normally, all we need is our 1 page application and the last 4 months of bank statements. In some cases, we may request a year to date profit to loss and an accounts payable or accounts receivable report.
Our Import finance solutions can fund up to 100% of overseas purchases; freight, duty and VAT. Numerous solutions are available such as; letters of credit, to business lines of credit, to invoice financing, to short-term loans. Finally, you can count on a finance company that understands the problems and solutions.
Exporters from Latin America can enroll in our program. In brief, you compete to sell your products every day with other exporters. As a result, offering payment terms to your buyers can increase sales. Also, when you providing financing options to your buyers you alleviate financial pressure from them. Last, they can purchase more good from you.
This process is much more simple than factoring. Another key point is that your company does not need to be approved. How does it work?
Step 1: Provide our application to your importer
Step 2: Within 24 to 72 hours we will have a credit decision
Step 3: We provide a Written Offer to You and Your Buyer
Step 4: If your buyer accepts our financing. You Get Paid
More options to sell your products to US Importers. Another financing, marketing, and sales tool for your Business. We help out Central American Exporters and South American Exporters.