Work Internationally? Read This.

International business success depends on having the right type of financing in place and the right financial partner.

When you are looking for a bank, you want to find one which offers a wide range of finance services, for both importers and exporters. You also want to look for a bank that has extensive experience in the world’s most significant markets and business sectors. 

 Want to optimize your working capital? Be sure to look for a bank that offers: 

--Bonds and Guarantees

To protect yourself against loss in uncertain market conditions, look for a bank that offers  common solutions like tender and performance bonds and advance payment guarantees. 

--Documentary Credits

Documentary letters of credit will your business a guarantee that you are going to receive payment for your goods and services.

As an exporter, you may ask your overseas customer to arrange for their bank to open a documentary credit, guaranteeing payment provided you submit the required documents

As an importer, your overseas supplier may require you to ask to open an Import Letter of Credit, and we will guarantee payment to the overseas supplier provided the correct documents are submitted.

--Clean Collections

You’ll want to look for a bank that offers an exchange of checks and bills without any accompanying documentation.

And on the finance end, be sure your bank offers:

Pre-Shipment Finance

If you have a confirmed order from a quality buyer backed by a documentary credit, we may be able to provide you with the working capital you need to produce and ship the goods, giving you the reassurance of being able to take on new contracts and grow your business.  

Post-Shipment Finance

When you have shipped goods to a customer, you’ll want to use a post-shipment finance service  so you don't have to wait for that customer to pay, giving access to capital to fund further operations.