A packing loan or pre-shipment finance is short-term financing for exporters before shipment. The loan is typically granted by a bank or export lender at the request of the beneficiary of a letter of credit which can allow an exporter to complete shipment and deliver their products as scheduled. This trade finance option is an affiliate program that can help facilitate trade on a global scale.
OTHER TRADE FINANCE SOLUTIONS
Trade overseas with confidence with other trade finance options
Factoring your exports throughout the world.
Our export factoring services offer a complete package to help you develop your overseas business profitably and with confidence. We provide funding to exporters on a global scale from North America to certain countries within Eastern and Western Europe, the Middle East, Asia, and Latin America.
Improve your cash flow
Our export factoring service means an immediate injection of cash against the value of your outstanding export invoices. We can release up to 80 % of the value of the invoice within 24 hours. The remaining 20 %, less a small service fee, is paid to you once your customer pays.
The CFG affiliate network has offices around the globe and is very comfortable funding export businesses internationally.
We combine innovative solutions that include non-recourse and recourse factoring, purchase order financing, and credit insurance protection, solutions that are tailored to help exporters secure more international orders, increase sales, and free up capital which ultimately helps expand their export business much faster and improve their bottom line.
The export funding program also offers protection from loss of receivables, it can further guarantee 100% against insolvency of your customers or suppliers. These are opportunities across the global supply chain for the benefit of exporters which many domestic and international factoring companies or institutional lenders may not be able to provide.
Assistance with managing overseas customers
A network of operating companies in select overseas markets can help remove the hassle of dealing with overseas customers. Our multilingual support staff helps eliminate the challenge of communicating with your customers. We speak with your customers in their native language to avoid any misinterpretation and help resolve any issues relating to the sale and invoicing of your product and collection of the payment due.
Can we help your business?
If you are exporting to one of the above-mentioned select markets, we can assist. We can also help with your local sales.
HOW DOES FACTORING WORKS (Recourse and Non-Recourse Export Factoring)
International factoring products can free cash flow for your other endeavors. With an emphasis on eliminating trade risk, the factoring product also offers credit insurance which protects against customer insolvency.
The team inspects the creditworthiness of your international customers all over the world.
Buys your receivables from your business and pays you the amount immediately upon the loading of your goods.
The team handles the management of your accounts receivable as well as the complete dunning process.
In case your customer cannot pay due to insolvency, 100% insurance may be available to insure against deficit or shortfall of payment.
IMPORT & SUPPLY CHAIN FINANCE
In addition to export factoring, the team can also fund your imports. PO facilities can help finance your imports and increase your purchasing power based not only on your importer's credit but also on the creditworthiness of customers. Flexible vendor payments include; L/C, D/C, and T/T.
HOW IT WORKS
Your international supplier’s invoice will be paid by our team.
If your supplier insists on receiving an L/C, the team will open it for you.
Arduous efforts are taken care of by the team so you can focus on building your core business.
What does it cost?
Our services are tailored to your business so the fees will depend upon your specific needs.
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