Importer Factoring Company
The import business traditionally suffers the most when it comes to the net terms offered to their customers. Most corporations and government agencies require 60, 90 or even 120 day terms for submit payments. Invoice factoring or account receivable financing, continues to be number one reasons why importers have access positive working capital.
Importer factoring exists to eliminating the gap from the time you invoice to the time you get paid. Many importers are concerned about taking on new clients, as extending credit to additional customers comes at a risk of having even less working capital. Taking on new clients should be the most difficult part of your business, not worrying about getting paid.
Alliance One is a non-recourse factoring company, which means we obtain insurance on all of our invoices. When you extend credit to your clients the receivables are insured by us, at no cost to you. In the event that one of your clients become insolvent; even if we paid you on an invoice, we do not come back to you to collect this debt, we are reimbursed only by the insurance that we opened on that invoice.