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Letters of Credit
Purchase goods from certain suppliers, even international ones, without having established credit or hefty advance payments
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- Is your business’s current credit good enough for all the suppliers you’d like to do business with, including international suppliers?
- Would you prefer to purchase goods from certain suppliers, but their terms require more upfront cash than you have?
- Is your supplier reluctant to take your order, because they need financing to fill it, which your credit won’t support?
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Expedited Capital Funding will work to help you secure a letter of credit with suppliers, particularly international ones, enabling you to take advantage of their volume discounts and lower prices. By getting a large, well-respected funding source to guarantee your payment, these suppliers will more readily take your order irrespective of your credit. This not only helps you take advantage of their favorable supply terms, but may prove your creditworthiness for future orders. This enables bids for future business using them, and accepting larger orders that profitably grow your business. As your gross volume increases, with better margins, you will realize far greater net profit. |
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More flexible standards of evaluating applicants
We work with funding sources that are not subject to the strict limitations common to most financial institutions. This means they can provide letters of credit and other avenues of finance that are complementary to your bank's services
So if you are prevented from working with preferred international vendors because of their terms that you cannot meet, contact us at Expedited Capital Funding. Let us put you in contact with funding sources who specialize in supporting your business through providing letters of credit. |
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