Export and Import Factoring?

  David May    November 4, 2016    1159

 

Importers or exporters can wait many weeks and even months to be paid by clients and suppliers. If you face financial challenges, factoring could be the ideal financing solution for you. When you partner with Interstate Capital, we pay you upfront for your accounts receivables, thereby eliminating the risk and the waiting time typically associated with getting paid for your products. 

Choosing a factoring service?

It is possible to subscribe to factoring services by signing a commercial finance contract. All agreed receivables will be assigned to the factoring company. Through the best importers factoring service, you will not wait for months to get payments from clients or suppliers. The factoring company will handle all kinds of financial challenges in a very efficient way. 

You should choose the best factoring services so that the risk will be eliminated entirely. You will not go through the indefinite waiting period for payments. The factoring service can be subscribed by a start-up company as well as the well-established company. Thus, larger shipments can be managed with considerable business growth. 

Prompt payment terms 

As you depend upon best exporter factoring services, there will be prompt payments. The credit history of the buyer will be researched by the account manager from the factoring company. The correspondent will be assigned in the corresponding country. Every effort will be made to complete the transaction in a seamless manner. 

Limitations of Export Factoring

One of the limitations of export factoring is that you will only be able to enlist the services of a factoring company if you are exporting to a country that supports the selling and buying of account receivables. Additionally, if you are working with a tight profit margin then the cost of this service might be cost prohibitive to your business. 

As soon as goods are shipped, the factoring company will be notified so that particular portion of the invoice will be paid to you in advance. It is very important to choose the right factoring company. Interstate Capital has funded over 8,000 companies since 1993, making it one of the oldest and largest factoring companies in the alternative funding market. Interstate purchases nearly $1 billion dollars of invoices annually from hundreds of clients in a wide range of industries throughout North America and each client receives individual attention from a dedicated account manager. Get in touch with us so that you can learn more about the factoring programs designed for importers and exporters. Let them customize a program for you.


 Article keywords:
exporter factoring, importers factoring

 


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