EXPORT FINANCE: SUPPORT BUSINESS EXPENSES WITH COMPARISON ADVANTAGE

The business of export and import has a massive impact on a country’s economy. While both business owners and state profit from this source of income, it is not without its dangers and challenges.

Occasionally, there are times when the exporter has to wait at least 30 to 90 days before receiving their payables. As they would need a source to fund the company’s daily expenses, they resort to export financing.

HOW DOES EXPORT FINANCE HELP YOUR BUSINESS?

When an exporter faces fund shortage while waiting for receivables, they seek help from agencies that offer export financing. It is also commonly referred to as invoice factoring.

How does export financing work?

The trader sells his invoice to a company who will shell out a percentage of their expected receivable. He will then use it to fund the company’s expenses while waiting for the client’s payment. The financier now becomes responsible for collecting the client’s fee and returns the exporter the remaining balance.

Export financing is an avenue for businesses to release working capital, especially transactions made abroad. This prevents the issue of finances being tied up in invoices for extended periods.

FINDING A TRUSTED EXPORT FINANCE COMPANY

Is your business in the export industry? With Comparison Advantage, you’re in good hands in securing a financing deal for your needs. 

For years, we have assisted several companies, big and small, in comparing export financing services in Australia. With experience and expertise, there is no challenge too big for us in the export finance sector. If you are interested in partnering with us, fill up our form online.

Quick and easy, we will connect you with trusted companies that offer reasonable rates. Support your company by going with export financing and keep your business flowing.

Please read our terms and conditions prior to selecting any export financing plans.