Packing Credit Loans

Packing credit loans and pre-shipment finance

1 (800) 317-4933

Packing credit, also referred as pre-shipment finance is an essential trade finance tool for exporters. The facility is offered by our affiliate, it provides financing to an exporter for procurement of goods before shipment. Typically a bank or export lender makes the funds available on a letter of credit issued to an exporter or seller with a confirmed order from buyer on the goods or services.

OTHER TRADE FINANCE OPTIONS

Trade overseas with confidence with other trade finance solutions
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, 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 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 help expand their export business much faster and improving 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 you local sales.

HOW DOES FACTORING WORKS (Recourse and Non-Recourse Export Factoring)

International factoring product can free cash flow for your other endeavors. With an emphasis on eliminating trade risk, the factoring product also offer 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 that can help finance your imports and increase your purchasing power based not only on your importers credit but also on the credit worthiness 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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