Some of the benefits of the First Exim Financial Limited
Purchase Order Funding Program
Grow your business out of our checkbook -
Once you get the order from a qualified customer, we will do
the rest. The only cost to you is a minimal application fee.
Outsourcing your purchasing, finance, administrative and logistics
functions -
Let us assist with the details of
the transaction by using our staff and service providers.
Gain the benefit of our experience -
Our
activity since 1992 has given us exposure to a large number of transactions
in many different industries and many different countries. Such a breadth of
experience can be used to your benefit as we work to implement our
risk-management procedures to protect us all.
Marketing -
So many of our clients have
great strengths in marketing but are constrained by financial and
administrative issues. Our program can unleash these constraints and allow
the client to focus on marketing and selling, usually what a client is best
at.
Off Balance Sheet Financing -
First Exim
takes title to the goods and sells either the inventory or the invoice to
the client when the transaction has matured. The initial funding of the
transaction is not on the books of the client.
Get it done attitude -
The functional
proficiency and desire to retain a long term relationship with our clients
inspire us to keep the client's best interest in mind and to maximize the
profit of the client.
Professional and courteous service -
Our
staff and service providers are charged to provide fast, professional and
courteous service.
We strive to maximize the profit of the client -
We realize that we can not exist with out successful clients
and it is in our best interest to keep our clients for a long time. For
these reasons, we strive to put the clients interest first without undue
risk for either the client or ourselves.
We prefer to work with your factor -
Your
relationship with your factor can provide an edge in your business. Your
factor knows your account and your customers.
Commercial Risk -
Through the use of one of
our risk management tools, the Boyd Brown Risk-Transfer Program we are able
to minimize the commercial risk to you, your factor and us. The combination
of in-process inspections, a random final inspection and insurance coverage
works well to catch goods that do not meet the specifications issued by your
customer.
Financial Risk -
Our credit underwriting is
augmented by our credit insurance policy with American Credit Indemnity, a
Euler Company. In general, insolvency coverage is in-place from the time we
purchase the goods on our clients behalf to when we get paid. If the
customer becomes insolvent during transit of the goods, the insurance policy
may prove to be beneficial.
Marine Risk -
We have a Marine Cargo policy
that covers the usual in-transit risks from the door of the manufacturer to
the door of the customer.
