Factoring, forfaiting, letters of credit, PO finance, trade credit insurance...do you ever get confused about the countless of terms and instruments surrounding trade finance? And do you know what works best for your business?
Exporters that want to access succinct information on trade finance products, their benefits, and the best timing to use them, we at TradeUp highly recommend Trade Finance Guide: A Quick Reference for U.S. Exporters developed by the U.S. Commerce Department.
The guide is designed to help especially small and medium-sized enterprises to learn the basics of trade finance, so that they can turn their export opportunities into actual sales and get paid in timely fashion.
The report has neat 1-2 page summaries of various financing techniques and tools, from open accounts, to forfaiting, to government assisted foreign-buyer financing.
Take a look at the report here now - and save time, manage risk, and streamline your export operations.
If you wish to secure export working capital or purchase order finance to fulfill foreign orders, outsource your export transactions, or insure your export accounts receivables, we at TradeUp can help. You can apply here. Email CEO Kati Sominen at firstname.lastname@example.org with any questions.