A new financial product is now available that expedites financing for import and export sales transactions. Traditionally, lenders make decisions based on a client’s financial statements and their ability to repay a term loan. With this new product, lenders focus instead, on the viability of the transaction, which usually results in a quick and complete financial solution for a potential client who is in need of Global Trade Transactional Finance.
El Paso, TX (PRWEB) February 22, 2006 -- 1st Commercial Credit introduces EXP Xpress Finance (SM), a new financial product that will expedite import and export trade finance. Strategic alliances (from around the world) support this financial product and (when combined) they have access to over $2 billion in working capital. This alliance (composed of affiliates, private investors and funding partners) is familiar with inter-creditor agreements needed to participate with banks, asset-based lenders and factoring companies that may have existing liens on a client’s business. In addition, new funding partners, who choose to participate, can add a broader offering of financial services to the mix.
According to Raul Esqueda (founder and president of 1st Commercial Credit): “Banks will be able to offer a financial alternative to clients who are overextended in credit. Clients will no longer lose potential sales opportunities and banks will no longer be exposed to more risk by increasing unjustifiable credit lines. Our short-term working capital solutions work in conjunction with senior debt, and are utilized when unprecedented growth is realized or when cash reserves are needed for other purposes.”
Leading providers of short-term working capital (serving small to mid-market size companies) support these customized financial services. Purchase order finance transactions include imported and exported finished products, distribution and overseas outsourcing production. Other financial services include overseas inventory finance, transit inventory finance, foreign receivable factoring, credit analysis, credit insurance, collections, non-collateralized or collateralized credit line extensions, floor financing and export equipment sales financing for high risk international markets.
EXP Xpress Finance (SM) and 1st Commercial Credit (SM) are trademarks of 1st Commercial Credit, LLC, a provider of financial services in the USA, Canada, Asia, United Kingdom and the European Union.
http://www.1stcommercialcredit.com/exportexpressfinance/export-import-finance.htm
USA and Canada 1 800 450 9653
United Kingdom 0 800 404 9669
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