Export finance offers a new way for businesses to release working capital, specifically from overseas transactions, that might otherwise remain tied up in invoices for long periods of time. In addition, export finance also allows business to grow overseas and to increase trade with large foreign multinational. In order to gain better benefits from such service, it is also imperative to know the types of export financing you can choose from. Below are some of the following.
Export Development and Working Capital Financing
This export financing option allows business owners to obtain loans that facilitate the export of goods or services by providing the liquidity needed to accept new business, grow international sales and compete more effectively in the international marketplace.
Facilities Development Financing
This type of export financing enables business owners to acquire, construct, renovate, modernize, improve or expand facilities and equipment to be used in the United States to produce goods or services involved in international trade.
Investment Project Financing
Invest project financing helps business owners to acquire financing for large-scale projects that require large amounts of capital, such as infrastructure, telecommunications, power, water, housing, airports, hotels, high-tech, financial services, and natural resource extraction industries.
Trivia Info Source From: www.business.hsbc.ae