Foreign
Inventory Financing
First Capital offers foreign inventory financing to:
Importers seeking to:
- Minimize the cost of U.S. warehousing
and inventory management by outsourcing storage of inventory
to third-party logistics companies
(3PLs) operating in low-cost countries
- Obtain working capital inventory
finance for inventory located overseas
Description
First Capital accepts as eligible collateral for asset
based lending, finished goods owned by First Capital’s clients
that are held overseas by acceptable 3PLs pending delivery to clients’ customers
Structure / Process
- Importer purchases goods from the foreign supplier
- Foreign supplier
invoices the importer for the goods
- Importer
approves and pays for goods
- Goods are held by a 3PL
approved by First Capital, with whom First Capital has an agreement
to warehouse the goods under its control
- Importer obtains up to 50% inventory financing from First Capital
- Under instructions from the importer to ship the goods, First
Capital instructs the 3PL to ship the goods under First Capital’s
control
- Upon arrival, the goods are released by the 3PL to the
importer for delivery and invoicing to customers
This Program is designed for:
- Credit-worthy North American importers
of goods
Criteria
U.S. company approved for factoring or asset-based lending
facility by First Capital
Product ineligibility includes, but is
not limited to: high obsolescence, perishable, high fashion and
work-in-progress goods
For
further information, please call 800-619-0804 or click Contact
Us. |
