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Importer Financing & Factoring Opportunities

U.S. importers have been filling the void for many of the products that the U.S. buyers continue to demand with their dollars, and this has presented a niche for new kinds of financing opportunities such as factoring invoices and trade financing.

PMFBancorp
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Importer Financing & Factoring Opportunities

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  1. Importer Financing & Factoring Opportunities U.S. importers have been filling the void for many of the products that the U.S. buyers continue to demand with their dollars, and this has presented a niche for new kinds of financing opportunities such as factoring invoices and trade financing. An interesting side note is that if U.S. buyers just bought $300 more of U.S. products per year, our deficit and manufacturing flight would be solved. Niche financing for importers has always been around for the large, credit worthy companies in the U.S., but now small businesses can get access to this financing as well. Letters of Credit have been used by banks for a long time, but a few factoring companies are now becoming experienced at designing trade finance programs for smaller companies, and not just at factoring invoices. How can a trade finance program help your company grow? Being able to order larger amounts that the larger US customers are demanding is essential, but cashflow is sometimes restrictive. Also, sending deposits, without the protection of a letter of credit or a structured purchase, is a dangerous habit as well because there is nothing holding the foreign supplier to making the right quantities, making the delivery dates or other parameters important to your company. 1st PMF Bancorp has been a commercial lender with a specialization in trade finance and factoring invoices for over 30 years. When you are a small company. having a lender that understands and can be flexible to meet your needs makes all the difference when achieving company’s sale goals.

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