Cargo Finance
We help grow our importer clients by giving them access to short-term financing. Don’t let financial constraints become a hurdle to your business. Contact us today to find out how we can help you increase your global reach.
When importing from overseas, a buyer typically pays the provider a portion of the goods cost upfront as a deposit (usually about one third), with the rest paid before it ships. This is typically when whoever is trade financing (the bank) will pay. The problem in this scenario, if you are a buyer, is the challenge of providing capital upfront with no guarantees of successful shipment.
Depending on the financing terms, the buyer then either pays a monthly sum of interest to the lender. In some cases, this can be reduced to a lump sum payment at the end, with the interest layered on there. Of course, businesses with higher inventory turn-over will benefit more from the extra 30-120 days secured through financing.
Why Us?
- Simple and Easy Processing
- Clients with an existing business history with Square Logistics are preapproved
- Short-Term Financing – 15 days to 1 year terms
- Fast Turn Around Times
- All Shipments Managed by Square Logistics.
How It Works ?
1) You place a cargo order with your supplier or manufacturer.
2) We finance the shipping or customs duties, or both—depending on your needs.
3) You repay once the goods are delivered, sold, or reach an agreed milestone.