How does a small business import and export goods while keeping solid financing to support the flow? This is a tricky position for many companies and often a balancing act even for the larger companies. On August 12th, PMF Bancorp explained at their City Club breakfast event that small businesses have many financing options to grow their working capital while the Canton Fair discussed programs that could assist US importers and exporters on the promotion of their products.
The Canton Fair discussed their exporter’s pavilion this October and welcomed many to join. ‘Made in the USA’ products are very popular in China and present the “Next window of opportunity” (for more on this opportunity, ”Dancing with the Dragon” a book on doing business with China can explain.
PMF Bancorp also discussed trade financing and conventional solutions for small business to increase their working capital for their business in the following 3 ways:
- Businesses can work through Letters of Credit issued by commercial lenders like PMF Bancorp instead of the traditional banks for easier credit standards and more programs;
- Commercial lenders also have the ability to place the SBA as well non-conventional financing together like factoring for domestic and international orders;
- Commercial lenders can also provide guarantee and insurance products to secure other forms of lending….
For more info on non-conventional forms of financing for importing goods or methods of selling products into China through the Canton Fair. Feel free to contact us.
Sincerely,
1st PMF Bancorp
