Referral Program
Earn $500 USD to Start, for every Referral that you sent to us and was successfully Issued a trade finance Instrument – L/C, SBLC, BG, etc.
About The Program
This program is specific only to our Trade Finance Services, with emphasis on trade finance instruments, indicated above, use by businesses, including importers, exporters, involved in international trade, contractors, sub-contractors, performing projects, such as real estate construction,or energy projects, SMEs or any other service providers, that require specific instrument, in their respective industries, in order to fulfill certain business or financial obligations between them and other parties. This is a Two-tier program, as described under “COMPENSATION”. The primary goal of this program, with respect to trade finance, is to make financial instruments more available, without limitations, such as the need for applicants to provide collateral in most cases, accessible and affordable to African importers and exporters that may need them, as well as others while subsequently trying to bridging the trade finance gap between African countries and their western counterparts.
The program also focuses on providing importers of capital goods the opportunity to apply for Buyer’s credit financing to foreign buyers of their capital goods and services.Example of western countries that offer Buyer’s credit financing include Netherlands, Italy, Germany, Belgium, Sweden, France, Belgium, U.K, U.S. and Canada. Asian countries that offer Buyer’s credit financing include China, Japan and India. Middle East countries that offer Buyer’s credit financing include UAE, Qatar and India.
How It Works
1. If you currently work in trade finance or related industry, for example, import and export or freight and logistics companies and deal with importers and exporters of consumer goods from China on a regular basis, this program is for you. Consumer goods include electronics or appliances, textiles and apparels, beauty and personal products, toys and educational products, office supplies and stationeries. Importers of such goods that may need funds to buy additional goods from China but do not have sufficient capital, may be eligible for Supplier Credit, which can be arranged between the supplier and the importer for a specified amount and a specified period of time.. Supplier will require a Letter of credit L/C, from the importer to guarantee the repayment of the credit when it’s due, according to the agreement between the two parties.
2. Importers of non-consumer goods, also referred to as capital goods, for example, machinery, equipment, transportation vehicles, which are used solely for business purposes and not for personal use and are also importing also from China or any other countries that offer such financing, to import capital goods, may also be eligible for Buyer’s Credit from countries like China, Germany, Sweden, Belgium, Turkey,Italy, France, etc.
3.Your Role As a Referral Partner
(a) The only thing you have to do is to inquire from your client importer or contacts, if they are currently importing or planning to import consumer goods from China but are limited by funds, but need credit from the supplier. If the answer is Yes, you will inform them that credit can be arranged between the importer and the supplier, for a specific amount . A specific due date for repayment will also be specified in the agreement.
Please keep in mind that even when some importers decline the need for supplier credit, but still need to purchase
an L/C or any other trade finance instrument, for example, SBLC, BG, etc.,let them know that we can still accommodate
their needs as well, and they are welcome to apply through us. It is in their best interest to do so,rather than through
their bank, for the following reasons:
(a) Anyone can apply because applicants do not need to be an existing customer of the issuing bank, therefore,
no prior relationship with any of our issuing banks is required and no bank account is needed as well.
(b) No collateral of any kind is required; therefore making it easier and more convenient to access such instruments.
(c) Much less paperwork and documents are required, therefore, making processing faster.
(d) Processing cost is relatively much lower.
(e) We work with several issuing banks from European countries, Asia, Caribbean Islands, and the United States,which
is an advantage which creates flexibility rather than being restricted to one local bank alone in your own country.
(b) Similarly, if the imported goods are capital goods and the importer needs funds to import such goods you will also refer them to
Business Finance Global, LLC, on how to get started with the application for a Buyer’s credit finance
4. Attractive Features Of This L/C Over Those Issued Through Financial Institutions in African countries.
No collateral is required, cost of issuance is relatively low, and the processing time is very fast.
This is very unlike what an importer or any SME that needs a trade finance instrument will experience when attempting to obtain one through any of the financial institutions in any African country. These features make access much easier and affordable for those that need them to fulfill their obligations to the other party that is involved in the business transaction.
5. Request the Consent of Importers Prior to Sending Their Contact Information To Us.
With the consent of the importer, you will let it be known that you will refer their contact information to Business Finance Global LLC, that will facilitate either the issuance of the L/C by one of the international banks responsible for the issuance of trade finance instruments. If financing is for capital goods, we will also facilitate the processing of obtaining Buyer’s credit financing as well.
No other responsibilities are expected from you when you join this program. No paperwork to fill out, No phone calls to make and No emails to send to anyone. Just Refer and Make Money. No Limit to how much you can make.
6. Privacy Rights
When you refer importers to us, you will provide their first and last name, phone number(s) and email address but always remember to seek their permission first, so as not to be in violation of their privacy rights.
7. COMPENSATION
Two-tier Program
This is a Two-tier referral program that pays you when you invite other professionals in the same trade finance-related
industries like you, that also have contact with importers and exporters on a regular basis, to join our program, we pay you
additional $100, for every successfully issued L/C that their own referrals submit, under the following condition:
That is, If your referral sends importers that require an L/C, regardless of the purpose for which the L/C is used for, either
to guarantee a supplier credit or not, and the L/C was successfully issued. Similar situation applies if the applicants are
looking for buyer’s credit finance.
For every referral you sent to us that was successfully issued any trade finance instrument
that is needed to obtain supplier credit or successfully receiving Buyer’s credit financing, you will receive $500 USD to start, subject to review every 90 days, for possible increase of up to a maximum limit of $700 USD, based on the number of successful referrals that we get from you.
When to expect to Receive Compensation.
For accurate record-keeping purposes, compensation is paid into your account on record, every 28th day of the month,unless the day falls on a holiday or a weekend. In this case, payment will be made on the next business day.
8. TRANSPARENCY
We guarantee transparency by providing you the names and contact information of all the referrals you sent to us, including those that either successfully received an L/C , which is used to obtain a Supplier credit or received Buyer’s credit financing.
9. AGREEMENT FORM
If you decide to join our Trade Finance Referral Program, we will send you an Agreement Form to fill out, including our terms. It will also require you to provide your bank information, where your commission will be deposited. Please keep in mind that providing such information when completing the Agreement form,is optional at that point.You may choose not to provide it iat that time but rather wait until when the need arises. However, we encourage you to do so as soon as possible.