FINEX
TRADE GROUP (FTG) brings Ex-Im Bank CLOSER to the Exporter's customers
because we are In-Country.
FTG
business model is based on the Importer side of the equation because
they are the buyers and thus make the final decision.
FTG
– ONLY charges on a SUCCESS BASIS
FTG
becomes the Exporter's Local Financing Arm and transfer work from
the Exporter
to FTG – thus saving the Exporter money (costs)
FTG speaks the local languages.
FTG Pre-Approves customers on financing amount – this shortens
transaction cycles.
FTG translates customers financial statements and other necessary
documents.
FTG communicates closely with Exporter and expedites the complete
transaction.
Step
by Step Process:
1.
Exporter or Dealer refers customer to FTG
2. Exporter provides or FTG request initial information from customer
3. FTG pre-approves customer financing amount.
4. FTG prepares and submits financing proposal to customer –
customer accepts and returns to FTG with balance of info. Required
5. FTG prepares Ex-Im financing request and information packet and
submits to Ex-Im Bank
6. Ex-Im reviews and communicates approval to FTG – around
4 weeks on most transactions below $1 million – (if we submit
BEFORE Purchase Order is placed – cycle is shorter)
7. FTG documents loan with customer (financial closing)
8. FTG has L/C opened in favor of Exporter who is assured full payment
on shipment.
9. Exporter ships and collects |