Export Finance is available to companies that have credit worthy international customers buying on open credit terms. Buyers must be located in countries that are politically and economically stable and approved by either a commercial credit insurance company or governmental guaranty such as Export Import Bank of the United States (EXIM) Guaranty.
The most common types of export funding are:
- Receivables Finance
- Invoice Factoring
- Trade Credit
- Government Funding
The Export Finance approval guidelines are more heavily weighted on the credit worthiness of the client's customers rather than the actual client. Pre and post-shipment financing are available, as well as non-recourse options. Companies with limited operating history can also be approved.
Many of the companies that provide export finance will also offer a currency risk option as well. Other companies specialize in using guarantees such as the EXIM Working Capital Guaranty or the Small Business Administration Export Loan Program.
While there are several forms of export finance available, each has its positives and negatives. In many cases more than one form of financing can be used to generate capital. Choosing the right working capital facility with the right lender can make all the difference.
Call us now at 855-424-2958 to discuss your export finance options! Or fax us at (855) 450-0885.
Customized Financing Options
Asset Based Lending
Revolving lines of credit up to $20,000,000
Accounts Receivable Factoring
No minimums, up to $20,000,000
Secondary lines of credit for ABL or Factoring
Equipment & inventory facilities
Great for staffing & temp agencies