Granted by banks and financial institutions, used by companies to facilitate international and local trade on a pay per use basis with extended credit terms.
The actual interest rate is calculated by dividing the total amount of interest by the number of months in a year before multiplying the number of months in the truncated period.
With a letter of credit, it will reduce the risk of nonpayment. As a result, cash flow is improved since the buyer's bank guarantees payment, and the importer knows the goods will reach him.
Without trade financing, company may fall short on payments and lose key customers that could have long-term repercussions. With trade facilities, they will be able to transact internationally even during times of financial difficulties.
The function is to leverage on a trade limit to ease the company's cash flow. You can opt for the banks to advance your suppliers or advance your buyers' payments in order to secure more contracts and plan for your cash flow.
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In the meeting, we will figure out what is your main concern and work out a most suitable solution among the many that may be applicable to your case.
After sorting out the granular, you can begin with the application for a loan that matches your needs.
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