The days of the import letter of credit are largely dead. Asian factories typically request a 30% deposit with order and the balance prior to shipment. And they want that wire transfer in US dollars before you’ll ever get a hard copy of the bill of lading.
A purchase order finance company that only issues L/C’s isn’t a solution. We’re different.
Are you a Distributor, Wholesaler or Product designer using overseas manufacturing?
Do you have profitable orders from creditworthy customers?
Purchase Order finance from Global Trading Partners pays your factory, your freight forwarder, your customs broker and your inland transit.
No forms to fill – our streamlined application process results in a fast decision
Transaction Size – $5,000 to $1,000,000 per transaction
Global Trading Partners has completed thousands of transactions for clients in myriad industries by providing working capital to enable them to deliver products to their customers. Sometimes these are large seasonal orders, orders to fill the pipeline at big box retailers or simply orders that exceed the existing internal capital or credit facilities.
Global Trading Partners work in partnership with startup, entrepreneurial and well-established companies. The majority of all transactions supported involve finished product or light assembly and are completed and delivered within 90-days.
Unlike venture capital investors who demand an equity stake in the company, Global Trading Partners participates only on a transaction-by-transaction basis. No need to be concerned about the long term effects of reduced ownership and loss of management control.