Import Export Financing

 

Import and Export financing allows businesses to obtain loans that facilitate the export or import of goods or services by providing the liquidity needed to accept new business, grow international sales and compete more effectively in the international marketplace.  Export financing can include loans for pre-export financing of labor and materials; and post-shipment financing of the accounts receivables generated from overseas sales.  Import financing can provide funds needed for raw materials, services, or products being purchased and imported to the USA.

 

Export and Working Capital Programs

 

Export working capital loans to U.S. A. exporters, made by commercial lenders. Uses of this financing include: purchasing finished products for export, paying for raw materials, equipment, supplies, labor and overhead to produce goods and/or provide services for export; covering standby letters of credit, or payment guarantees; and financing foreign receivables.  Export financing is available by private lenders even without the backing of SBA for small business units that have strong business plans and solid customers to back the transactions to limit the risk for the export lenders.  Expect to pay a much higher rate of interest without the SBA backing.

 

The Small Business Administration Export Financing Program provides small businesses that have exporting potential, but need funds to cover the initial costs of entering an export market with up to $500,000 in export development financing to buy or produce goods or to provide services for export. The loan proceeds can be used for most business purposes, including expansion, equipment purchases, working capital, inventory or real estate acquisitions. 

 

 

Financing for International Buyers

 

 

Do you have international customers, but cannot cash flow the sales and payment process?  We have programs available that allow your company to get financing on these international accounts receivables.  As long as the international customers have established rated credit you could be eligible to get up to 85% financing to eliminate the gap in cash flow caused by waiting for payment.  Most of these export financing products require that the goods have reached the agreed point in the trade process.  Often funds may be available once the goods have been delivered to the customer or confirmed and inspected when boarded onto the cargo transport ship.

 

 

Insuring your International Sales

 

 

Are you concerned about the risk associated with international customers?  Several options exist to insure you international receivables against credit losses.  It’s important to remember that this is only for credit losses and not other forms of revenue loss, such as disputes.  This can be accomplished by insuring via the Export-Import Bank or other private accounts receivables insurance companies.  Some international invoice factoring companies also include insurance against credit losses when you factor international receivables with them.  Businessfinanceapp.com works with both accounts receivables insurance firms and international factoring companies so you can explore both options by using our free service.

 

 

Method of Payment

 

 

Conducting business on an international level requires safe and secure methods of payment.  We have several lenders that can provide irrevocable letters of credit to pay for goods or services.  These letters of credit allow for buyers in foreign countries to purchase goods or services from the USA.  The companies and banks that underwrite irrevocable letters of credit typically require a major or well know international bank be used by the international buyer.  The letter of credit ensures that proper documents are collected and confirmed before any payment is made by the buyer.  This provides security for the both the buyer and the seller when conducting transactions on an international basis.  Our partners offer several ways to accept and make payments safely internationally and can provide free advice and solution quotes.

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