Export Factoring | Export Funding
Hong Kong Exporters Can Trade Overseas With Confidence
Our export factoring and export funding group has available a whole suite of export funding services for export companies in Hong Kong with a complete package to help facilitate the export of goods and services and further help develop their overseas business profitably and with confidence.
Through our affiliate network, we provide export capital for transactions in many of the Asia Pacific countries and throughout the US, UK, Canada, Australia, New Zealand, and in selected parts of Eastern and Western Europe.
Improve Your Cash Flow
Our export factoring service means an immediate injection of cash against the value of your outstanding export invoices. We can release up to 80%-90% of the value of the invoice normally within 24 hours after verification. The remaining 20%-10%, less a small service fee, is paid to you once your customer pays.
We can also help with your local sales. And since our services are tailored to your company's capital requirements, our competitive terms and fees are set based on your specific funding needs.
Assistance With Managing Overseas Customers
The Hong Kong factoring team brings a network of operating companies in select overseas markets that can help remove the hassle of dealing with overseas customers. Our multilingual support staff helps eliminate the challenge of communicating with your customers. We speak with your customers in their native language to avoid any misinterpretation and help resolve any issues relating to the sale and invoicing of your product and collection of the payment due.
Collections and Reporting
Our local professionals act as an extension of your back office and perform collections and account receivables bookkeeping on your behalf, as well as act as your credit department and monitor the creditworthiness of your customers.
Benefits of Export Factoring
It solves cash flow problems quickly. Your company's invoices are purchased for an advance of up to 95% of the total invoice value. Once the invoice is collected in full, the remaining balance is credited back to you. Normally you get paid within 24-48 hours of invoice submission instead of in weeks or months, or even faster in some cases.
Export factoring is not a loan, so the funding doesn’t show up on the balance sheet as debt.
The focus with Export factoring is primarily based on the quality of your customer's credit, not on your company's financials
Our export factoring facilities can grow as your company grows.
It can help with your workload as we perform collections, dunning, and bookkeeping on your behalf
You can have peace of mind, we monitor the creditworthiness of your customers and assume the risk of shortfall of payment due to their insolvency
You can offer longer payment terms and therefore compete for larger buyers
The application and set-up process is faster and easier than when applying for a bank loan
Our local experts comply with the regulations of each country we operate in and offer appropriate services such as currency regulation control.
Can We Help Your Company?
If your export business is seeking funding, please contact us today.