[FSB]

We have a client located in South Africa that is seeking a term loan from a U.S. lender. The company is seeking $2M, and one-half of that amount has been obtained from their current bank. The reason they are seeking a U.S. lender is that the interest rates in South Africa are apparently very high.

Background: The company sells Auto Appearance Products, and was started (17) months ago. They have been awarded the authorized distributors of Hot Wheels Premium Car Products and Autoguard manufactured in the United States by Americana Pro and will be sold in the Auto Zone stores in South Africa.
They are currently supplying a national retail group of retail stores called Game Retail Stores, part of the Walmart group. There is no company debt, and the funds would be used to purchase the products, expansion of the business, and marketing.

Finally, while the company is an established entity, they are as mentioned above, located in South Africa which presents a number of obstacles.

Howie Dane
President

Funding Sources for Business
president@fundingsourcesforbusiness.com.
(847) 831-4118

[Kevin Henry-Seacoast]

I doubt anyone in the US will entertain this. Below is a list of factoring companies in Africa:

Olympia Factors Botswana
Coface West Africa Cameroon
Lusis & Co Cameroon
Banque du Postale Congo, Republic of the
Cofina Cote d’Ivoire
Ebe Factors Egypt
Egypt Factors Egypt
Qnb al-ahli Egypt
Afreximbank Egypt
Cairo Factors Egypt
CIB Egypt
EFG Hermes Egypt
Bayt el Khebra Egypt
Al Oula Egypt
Ecobank Kenya Kenya
Facts (Kenya) Kenya
Mamlaka Capital Kenya
MCB Factors Mauritius
CIM Fin. Services Mauritius
SBM Factors Mauritius
Attijari Fact. Maroc Morocco
Banque Marocaine Morocco
Maroc Factoring Morocco
Soge Maroc Morocco
BMCE Bank of Africa Morocco
Nigerian Ex-Im Bank Nigeria
Factoring & SCFL Nigeria
Woodhall Ng Nigeria
Locafrique Senegal
BNDE Senegal
Nedbank South Africa
Standard Bank SA South Africa
Firstrand Bank SA South Africa
Absa Bank Ltd South Africa
Unifactor Tunisia
Tunisie Leasing & Fact Tunisia
Facts Uganda Uganda
FBC Bank Zimbabwe
Harare Receivables Zimbabwe

[FSB]

Thanks for the information, but apparently the South Africa banks have very high interest rates.

[Kevin Henry-Seacoast]

Thanks for the information, but apparently the South Africa banks have very high interest rates.

Maybe FGI??? They do a lot of international factoring.......

[omegafund]

Its possibly to factor his invoices. Foreign client with USA debtors
Bzuniga@omegafund.com

[MCA-VET]

tricky would not be the correct term .... there happens to be 2 funders owned by South African funders.

XYZ & Getbacked. (try getbackd in case he has a venture similar in SA) https://www.backd.com/ ?