At Circle Lending, we offer a new service through a direct lender who specializes in Invoice Financing/Invoice Factoring. The lender is the most sort after lender for financing Small and Medium Enterprises (SMEs) engaged in international trade.
The lender is at the forefront of providing support for international through online financing. The lender can finance from $10,000 to $10 million (USD) in 48 hours, much faster than any banks or insurance companies. The lender only needs two documents to start financing, which is a contract with the lender and the Buyer's signed notification.
When a Supplier exports goods to Buyers in other countries, it is typical for them to wait for payment for a period of 30 to 120 days. This is known as "deferred payment" and is a common practice in international trade. However, this can lead to a shortage of capital and hinder the growth of the business due to the negative effect it has on cash flow.
Invoice Financing, also known as "Invoice Factoring," allows exporters to receive immediate payment for their debt by transferring money to the Supplier as soon as the goods are shipped. The financing company then collects payment from the Buyer at a later date. This provides the Supplier with cash without unnecessary delays and protection against non-payment.
The Supplier must be registered in one of the lender's eligible Supplier Jurisdictions. Please check with us to see if the Buyer is located in one of the 74 countries the lender is doing business with. Or request for a list of Eligible Buyers or Suppliers location.
The Supplier must be a Limited Liability Company or Corporation.
The Supplier must be incorporated or registered for a minimum of 12 months.
The Buyer must have met the lender's Buyer Eligibility Criteria.
The Supplier must not be affiliated with the Buyer.
The Supplier must be supplying "Eligible Goods and Services."
The lender will only provide financial services to Suppliers that pass its KYB/KYC processes and provide the required documents.
The lender will only begin its Trade Financing process when the Supplier submits invoices.
The Supplier must sign the lender's Framework Agreement, Exhibits, and Notice of Assignment.
The lender finances international invoices for goods and services, including software development and consulting, as well as most consumer goods industries.
It should be noted that some goods and services in certain sectors are eligible for financing, while others are ineligible. It is important to request for current eligible and ineligible sectors as the lender may make changes to the eligible sectors based on International trade monitoring regulations.
HOW DOES IT WORK?
Step #1: The Supplier sells services or goods to the Buyer and offers extended payment terms of up to 120 days.
Step #2: The lender pays up to 90% of the invoice value to the Supplier within 48 hours.
Step #3: The Buyer pays the full invoice value to the lender on the due date.
Step #4: The lender pays the remaining 10% of the invoice value to the Supplier, less any fees.
HOW DO I GET FINANCE FROM YOUR LENDER?
Step #1: The first step is to contact us. Let us help you with your business financing needs.
Step#2: Register with the lender
Step #3: Once you’ve registered with the lender, provide your invoices to get credit limits on your buyers.
Step #4: Get your cash within 48 hours once the documents are signed.
Step #1: The Supplier sells services or goods to the Buyer and offers extended payment terms of up to 120 days.
Step #2: The lender pays up to 90% of the invoice value to the Supplier within 48 hours.
Step #3: The Buyer pays the full invoice value to the lender on the due date.
Step #4: The lender pays the remaining 10% of the invoice value to the Supplier, less any fees.
Step #1: The first step is to contact us. Let us help you with your business financing needs.
Step#2: Register with the lender
Step #3: Once you’ve registered with the lender, provide your invoices to get credit limits on your buyers.
Step #4: Get your cash within 48 hours once the documents are signed.
