Business loans are hard to come by nowadays. Unless your business is doing great and has tons of collateral, there is little chance that you will get one.
This is even more challenging for importers, who need to pay their suppliers by wire or with a letter of credit. Well, if you cannot qualify for a business loan, there is an option. Its called purchase order financing. PO financing covers all your suppliers costs and helps you complete the transaction.
It can be a great business loan alternative.
On a separte note. Do you own a freight company? Do you move truck loads of freight constantly? Then you should inquire about our freight factoring program. Or, check out the freight factoring resources here.
Do you need a stand by letter of credit? and Irrevocable letter of credit? A Transferable letter of credit? We can help.
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