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Business Finance Global LLC provides trade finance consulting and advisory services to small and medium enterprises (SMEs) that are exporters (suppliers) and importers (buyers) of certain eligible products trading in the global markets. We arrange payment to suppliers within 24-48 hours after products have been shipped and documents verified, using invoice factoring, a widely recognized method of payment in international trade. In contrast, suppliers do not have to wait 30, 60, or 90 days, according to the terms of the trade agreement, when buyers pay by opening a letter of credit through their foreign bank.
Suppliers also have the option of selecting invoice financing, where they can use up to 95% of their invoice to obtain a short-term loan pending the time they are able to collect payment from their buyers, which may be up to 30, 60, or 90 days according to the terms of their agreement. In this situation, since this is a loan, the supplier secures the loan with the invoice as collateral.
We focus on suppliers from Sub-Saharan Africa, for example, South Africa, Kenya, and Mauritius; from South-East Asia, for example, India, Pakistan, Bangladesh, Indonesia, and Singapore, who trade with buyers from the United States, U.K., Canada, Turkey, United Arab Emirates, and the European Union, and vice versa.
Eligible products include apparel and textiles, garments, automobile parts, leather goods, cookware, tableware, furniture, toys, food and beverages, seafood, non-perishable agricultural products such as grains, tea, coffee, and spices, etc.
We also assist qualified buyers (importers) that are looking to purchase capital equipment as well as consumer goods. In some cases, buyers from countries like China, Turkey, Italy, Sweden, USA, Saudi Arabia, and Germany may qualify for Buyer’s Credit to finance the purchase of eligible goods from any of these countries.
Qualified buyers (importers) looking to purchase capital equipment as well as consumer goods, in some cases, in certain countries like China, Turkey, Italy, Sweden, USA, Saudi Arabia, and Germany may also qualify for Buyer’s Credit to finance the purchase of the eligible products from any of these respective countries. We have relationships with non-bank financial lenders based in the U.S. and U.K. that specialize in providing international trade financing for eligible small businesses across the globe, which puts us in a comfortable position to assist our clients in providing financial solutions for qualified applicants in need of financing.
If you are an importer, exporter or trader based in eligible countries of Africa and Asia and need short-term financing of up to 180 days, or longe or looking to expand into other global market(s) and acquire new potential buyers within your current market(s), for the purpose of:
- Importing capital equipment and services, as well as durable and consumable goods, in some cases, from the U.S., Turkey, Italy, Sweden, China,Germany and Saudi Arabia.
- Exporting eligible goods to the U.S, U.K., E.U, Canada.
- Selling your invoices for immediate cash, to prevent possible cash flow issues,because you have to wait for up to 120 days to collect payment from your buyer (importer) after the goods have been delivered.
- Pre-shipment, Post-shipment or Storage financing for your finished goods shipped into or out of Africa.
- Exporting agro-processing and manufactured products within or outside Africa.
And if you are unable to receive financing from your domestic lenders or the terms of financing are unfavorable, we may be able to assist.
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