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Book new sales and grow your export market share, without taking additional foreign credit risk.
Sales opportunities can be lost when a foreign customer requests payment terms beyond your company’s credit standards. Exporters often do not want the risk of carrying long-term receivables on the company’s balance sheet. How can you manage these credit issues and build your export sales? Buyer Financing may be the solution.
By offering your customers term financing from Wachovia, your sales proposals will be more competitive.
In some overseas markets, Buyer Financing loans may have interest rates below those offered in the local market.
Under Buyer Financing,Wachovia typically issues the letter of credit (LC) on behalf of your customer directly to your company. Your company is paid when conforming shipping documents are presented to Wachovia and the loan to your customer is drawn.
Corporate & Institutional