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Increasingly, small and mid-sized American companies are exporting to customers world-wide. Standard borrowing formulas often exclude or severely limit a company’s ability to borrow against foreign receivables. BCP believes that international trade can help our portfolio companies to grow and prosper. We use our years of expertise and a range of credit tools to advance funds against your international receivables. For example, we will use our resources to search the market to put into place the best and most cost-efficient credit insurance coverage in order to create availability for your international receivables. We can help you assess both country and customer risk. We can fund against letters of credit and help you manage the often complex submission and payment processes. In short, BCP can increase your cash flow, ease your administrative burden and provide the credit and collection skills necessary to manage your international receivables.
Letters of Credit and Import Trade-Finance
Offshore vendors are often a cost efficient and reliable source of parts and products. But many financial institutions serving small and mid-sized companies have limited import finance resources. BCP has the expertise and capacity to meet your vendor requirements. Based on your credit-approved orders, BCP can arrange for international letters of credit and can issue vendor guarantees to assure you of uninterrupted vendor deliveries on advantageous terms. We can help you focus on building all-important vendor relationships that can help you build open credit over time.
Machinery and Equipment and Real Estate Term Loans
Under appropriate circumstances, BCP can provide short-term real estate and machinery and equipment loans. More robustly, BCP is affiliated with Preferred Capital, LP, of Wilmington Delaware, a licensed Business and Industrial Corporation. Preferred is authorized to offer the financial products of the Small Business Administration (SBA). Under current SBA programs, real estate and equipment loans with advantageous terms are available to qualified borrowers. Preferred also is one of a limited and select group of national lenders capable of providing SBA Capline loans. BCP and Preferred can assist you in the process to create additional finance capacity. The process is seamless and centralized. At BCP, all of your company’s assets can be put to work for you.
Credit and Collection Outsourcing
BCP handles tens of millions of dollars in invoices. Every day, we analyze credit risk, assemble and archive information such as bank and trade references, discuss customer credit with our clients and, when appropriate, provide credit protection. We understand collection and how to use--and balance--best practices, diplomacy and aggressiveness. Whether you choose to borrow or not, by outsourcing the credit and collection process to BCP, your company can save substantial overhead and administration costs. BCP can be your effective, efficient and cost-saving “back-room”.
