Capstone not only has the resources to provide trade and import financing but also to arrange the logistics of the delivery of products. Capstone is able to assist with setting up the required import services including:
- Air and sea shipping
- Inland freight arrangements
- Preparation of shipping documents
- Export licenses
- Establishment of letters of credit
This alleviates a great burden on the business owner, especially if they are not very familiar with foreign trade. Capstone will save you time and money, freeing up your resources to continue to work on ongoing projects and take on more work.
Letters of Credit
The combination of purchase order financing and letters of credit can provide the critical capital required to get your customer’s orders fulfilled. A letter of credit is a document produced by a financial institution delivered to another financial institution that guarantees payment of a certain amount. It is most often used between banks that are in different countries, for the purpose of international trade. If as a business owner you pursue import financing with a supplier from a foreign country, they can more confidently accept your proposal to work with them even if you don’t have the money to pay them upfront. The letter of credit will serve as a guarantee of payment from your bank to theirs, as long as they hold up their end of the previously agreed-upon transaction. This removes the risk that your supplier doesn’t perform or deliver the goods to the standard your end-customer requires.
Our representatives have the experience necessary for dealing with foreign markets to be able to work with you to find a solution that will meet your financing needs. Capstone recognizes that every business operates under different circumstances and can tailor a program that works best for you.
Bring your business to the next level by strategically working within our global economy. For more information on Capstone and to receive a quote, please email us at [email protected] or call us at (212) 755-3636 to speak with a representative today.