Results 1 to 5 of 5
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06-02-2016, 04:41 AM #1
- Join Date
- Feb 2015
- Posts
- 51
International Factor or Purchase Order Finance
I need someone who does International Factoring or Purchase Order Financing. Clients customers are well established firms based in China. Currently doing $300-$400k a month but could easily ramp up to $2-3$mm a month with financing in place. No brokers please, principals only.
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06-02-2016, 07:06 AM #2
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
The Factoring Firms are the ones with relationships with PO Finance firms- as the PO finance firms subordinate to their senior debt. On this blog I know that Kevin Henry is the VP of an ABL Division of a Bank that does factoring. Whether they work with King Trade Finance or a similar firm-on the PO side of things- is something he will have to disclose to you should you contact him.
How the client bills, and the credit worthiness of their clients, will be a large determining factor in the equation..
If you seek for alternative solutions there are several folks here that work on these files on a daily/weekly basis..
RG 516 510 3855
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06-02-2016, 08:08 AM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,485
Richard,
Thanks. We work with King Trade from time to time. I don't this would be a fit for us as all the debtors are in China.
Best,
KevinKevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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06-02-2016, 08:29 AM #4
- Join Date
- Dec 2014
- Location
- Quogue, NY
- Posts
- 1,108
Pete: I have other firms that I work with that can assist on the factoring and PO Side- should you wish for assistance..
RG
www.businesscapitalconsultants.com
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06-02-2016, 11:54 AM #5
- Join Date
- May 2014
- Posts
- 187
This would probably be best structured as an LC deal being the debtors are in China. She if your clients customers can obtain a letter of credit from a Chinese bank that EXIM bank works with for starters.
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