International Receivables
This form of financing gives business owners the ability to offer open credit terms to foreign buyers who they would normally not be able or feel comfortable selling to without a traditional deposit. Because we fund the invoice upfront and take on the risk, business owners can now increase their foreign sales freely while improving their cash flow.
Foreign receivables are usually underserved assets. Domestic banks/lenders typically consider foreign receivables to be ineligible and do not feel comfortable providing capital availability against these foreign receivables. We can lend against foreign receivables, giving the business owner more capital to grow the business and pay expenses. We will consider a receivable eligible 60 days past the due date, up to 180 days.
We assume all the credit risk on all creditworthy foreign buyers that we approve. Our loan transactions vary from $500,000 - $15 million per client. We'll advance up to 85% of the receivable within 24 - 48 hours after receiving a copy of the invoice. Our client will receive the balance, less our fee, once we receive 100% of the payment back.
Selling to international customers is a huge opportunity, but difficult to manage financially. Common issues:
- Your company is having problems with cash flow because your foreign customers are taking too long to pay.
- Your customer no longer is willing to or can't afford to pay an upfront deposit and is demanding open terms.
- Your bank tells you to buy credit insurance which has a high upfront premium.
- Your overseas sales are growing.
- You want to expand into overseas markets, but are afraid of write-offs.