Trade Finance
Reduce Your Risk
Overcome barriers of international trade and protect your investments
Rashid Investment Company assists with globalization challenges through Purchase Order Finance, overcoming legal and financial barriers tied to international trade
Do you have purchase orders from credit-worthy customers, but lack the funds to pay for the goods to fill those orders? Is your bank unwilling to fund inventory in transit?
The Rashid Investment Company Purchase Order Finance Program provides Letters of Credit or cash against documents to foreign and domestic manufacturers for the cost of pre-sold inventory.
Rashid Investment Company expedites the issuance of Letters of Credit that most foreign manufacturers (and some domestic manufacturers) require before beginning production. Prior to shipment, Rashid Investment Company arranges for the inspection of goods anywhere in the world. This service ensures product quality and full compliance with your customer’s Purchase Order.
How Rashid Investment Company’s Purchase Order and Trade Finance Programs Augment Bank Financing:
As opposed to banks, we are willing to provide funds for inventory in transit.
You can purchase inventory quickly, without drawing on your bank line of credit, to fulfill orders and achieve earnings that would not otherwise be possible.
Unlike banks, we do not block your bank lines for the amount of the issued Letter of Credit. You can fully utilize your bank lines and still provide your manufacturers with the required Letters of Credit.
Unlike banks, we do not block your bank lines for the amount of the issued Letter of Credit. You can fully utilize your bank lines and still provide your manufacturers with the required Letters of Credit.
CANDIDATES & REQUIREMENTS
Purchase Order Financing candidates are fast growing:
Importers.
Wholesalers.
Distributors.
Manufacturers.
WHAT CAN BE FINANCED
- Pre-sold finished goods.
- Shipped directly to the client’s customer.
- Shipped to a third-party warehouse.
- For certain transactions, shipped to a client’s warehouse.
- Production finance/work-in-process.
- With acceptable supplier agreement regarding terms of payment.
Requirements to get started:
Current aging of accounts receivable.
Recent financial statements.
Copies of customer’s purchase orders.
A short summary of transactions.
Copies of vendor agreements.