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Short-term Working Capital This program is geared towards exporters doing business in Florida, and is run in conjunction with the Florida Export Finance Corporation (FEFC). Our short term working capital program offers access to a line of credit for exporters who are trying to expand their businesses internationally. Our lines of credit are one-year commitments and typically are $500,000-$1,000,000 facilities. Our short-term working capital facilities are designed to enhance your entire transactional process, from initial purchase order to shipment of finished products. Use our line of credit to facilitate pre- and post-export activities, including: - Make payment for shipments of raw materials from your suppliers Short Term Insured Loan Facility This program is geared towards U.S. exporters whose products are made up of at least 51% US content. Of these companies, candidates simply need to have a credit and political risk insurance policy with the Export-Import Bank of the United States (Ex-Im Bank). If a qualifying policy is not in place, our office has the ability to refer clients to a licensed Ex-Im Bank insurance broker. This is also known as factoring, which is the discounting of a short-term receivables (terms up to 180 days). Once the insurance policy is established, exporters are able to participate in our unique foreign accounts receivable factoring program. The program is designed to give exporters an advance on their outstanding foreign accounts receivable, providing them the financial freedom of having cash on hand rather than awaiting payment on invoices. BHG’s foreign accounts receivable factoring program is a simple 3-step process which will enhance your export operations. The program works in the following way: |
