ForumsHome

Up to All Forums

This Question is Possibly Answered

1 "correct" answer available (5 pts) 2 "helpful" answers available (4 pts)

4 Replies Last post: Feb 7, 2008 6:27 AM by LUCKIEST

loans to start an import co.

Jan 8, 2008 12:48 AM

flyflicker 1 posts since
Jan 8, 2008

I have a manufacture in Korea supplying me with a product for which i have a purchase order from a national warehouser in U.S. I am a new manufactures representive for the company in Korea, They have sent me many products for testing. All products have been very high quality. We are talking about $40,000 on the first order, This will cover the product cost, shipping cost and customs fees. With this purchase order in hand how hard will it be to finance this first venture. where do i start?

Tags: small_business_loan Report as inappropriate

LUCKIEST 7,926 posts since
Aug 6, 2007

1. Re: loans to start an import co. Jan 8, 2008 8:49 AM

You start with a Business and Marketing Plan including how and when the $40,000 will be repaid.
LUCKIEST

Report as inappropriate

capitalcg 4 posts since
Jan 11, 2008

2. Re: loans to start an import co. Jan 11, 2008 5:33 PM

Flyflicker - From what I gather, you have a purchase order in hand for an established warehouser. The fact that you are new business is going to be the main barrier in going for a conventional business loan or line of credit.

Your best bet would be to setup a trade finance line. This essentially is a line of credit that would lend you against the purchase order.

If you need more information, you can email me - ar@capitalcirclegroup.com

Report as inappropriate

walterdon 32 posts since
Feb 5, 2008

3. Re: loans to start an import co. Feb 7, 2008 5:40 AM

can we reach an agreement?email me walterdonn@gmail.com

Report as inappropriate

LUCKIEST 7,926 posts since
Aug 6, 2007

4. Re: loans to start an import co. Feb 7, 2008 6:27 AM

in response to: walterdon

W, Go to the Members page and add a few words about you and your business
LUCKIEST

Report as inappropriate

Bank of America, N.A. Member FDIC. Equal Housing Lender

Bank of America is not responsible for user posts and other user content appearing on this website and does not endorse or guarantee the perspectives, the advice, the users, the businesses, or the products or services sold by any users or businesses that appear on this website.

ForumsHome

This Question is Possibly Answered

loans to start an import co.

Jan 8, 2008 12:48 AM

More Like This

Most Recent Forum Posts

Legend