Benefits

Benefits

Immediate working capital

For the export factor

  • Shifts collateral risk from pool of unknown foreign buyers to an import factor, such as Wells Fargo Capital Finance
  • Often speeds up accounts receivable collections
  • Payment goes directly to the import factor and not the seller
  • Immediate access to accounts receivable collateral performance information
  • Ability to generate fee income
  • Import factor can make advances to the export factor
  • Can increase client retention
  • Often treated as an off-balance sheet item

For the exporter/seller

  • Open account terms may help retain, win, or expand business
  • Can provide credit protection against bad debt losses
  • Eliminates collection efforts in different time zones and languages
  • May quicken collection of accounts receivable
  • Access to funding / working capital
  • Converts costs from fixed to variable
  • Includes accounts receivable management
  • Open account terms may help retain, win, or expand business
  • One cohesive relationship management team
  • Eliminates collection efforts in different time zones and languages
  • Optional funding against factored clients' accounts receivable

Meet our team