Date Added: Jan 2010
Selling goods and services across international borders is a very exciting and often profitable business venture. However, in the export business the minimum time for payment is 60 days, which creates a major cash flow crisis for many existing export companies. Export factoring companies will eliminate the waiting period in the export business and purchase the accounts receivable invoices from the exporter. This practice will provide the existing business with the available working capital to continue working, paying employees and purchasing supplies. This is a very effective financial tool that enables the export company to be paid immediately. It is not a confusing process and is very clear to both the customer as well as the export company.