Importing is on the grow. And with it, the market for letters of credit has been growing. However, getting a letter of credit is not easy. It either requires that you pony the cash up front - or that you qualify for bank financing.
However there is another option. If you do not qualify for a L/C, your should consider purchase order financing. PO financing provides you with the necessary financing to pay your suppliers and deliver on the sale. As opposed to bank financing - purchase order funding is easy to qualify for.
Technorati tags: business financing business loan letter of credit purchase order financing
On a different note:
Moving truck loads of freight? Need cash or business financing? Consider our freight bill factoring program.
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