Case2
Time: 2011-06-02 09:35From:鏈煡Writer: adminClick:
A pet products company in Wenzhou Zhejiang China started in 1990, a manufactures of chewable toys for dogs. Recent years, their export volume is growing, more buyer showed their desire to change payment terms. If they can use D/A, O/A terms, it’s no problem to rise the price or increase the quantity of orders.
Considering the risks and cash flow problems, The company bought Export Credit Insurance policy and got loans from banks. However the loan was primarily based on cash flow and collateral. The loan amount is not enough to support more business
JRF noticed that and promoted factoring to them and arranged a bank who has very closed relationship with JRF and closed a international factoring service with the client.
By factoring , the client sloved the cash flow problems and got credit protection. The bank was very happy with our services as well since it was the first international factoring deal for their sub-branch on that city.