Benefits of trade credit insurance for SMEs
Fixed fees make credit insurance easy to understand and manage. Use our predictive information to grow your business with confidence.
Our straightforward process makes it simple and easy to set up a policy. Then sell on open account terms upto 180 days to get ahead of the competition at home or in export markets.
Immediate cover will put your accounts receivable under control and protect your cash flow. Access more favourable terms from banks and other lenders
Our Expertise
Financing Tomorrow
We have helped thousands of importers and exporters access services globally. Likewise, we have granted investors access to trade finance assets as a new alternative class in which to invest. GBC is taking an essential step towards Financing Tomorrow by matching two fundamental needs while providing more effective trade finance across global markets.
What is factoring?
Factoring facilitates exports for SMEs by providing credit to overseas buyer to import goods
Offered for financing capital goods or services on deferred payment terms
The exporter enjoys hassle free transaction and complexities of international trade
This involves buying a business's unpaid invoices at a discount. The business gets a percentage of the invoice, say 80 to 85%, within a few days, and the factoring company takes ownership of the invoice and the payment process.
Is factoring a good idea?
The most important benefit of factoring is that it provides your company with immediate cash. This funding should help fix your cash flow and give you resources to pay your expenses and take on new clients.
Payments earlier within voice financing
Enjoy peace of mind with our invoice financing solutions, which help your business unlock valuable capital tied up in unpaid invoices. Get accounts receivables paid earlier – advance up to USD 5million with minimal documents and zero collateral, in as fast as 48 hours (subject to approval).
Benefits of Invoice Financing
Unlock capital trapped in unpaid invoices
Funds to capitalise on new business opportunities
Flexibility to finance invoices as and when you need
Short-term capital injection or as a top up to bank financing
Sinosure
China Export & Credit Insurance Corporation (hereinafter referred to as "SINOSURE") is a state-funded and policy-oriented insurance company established and supported by the state to promote China's foreign economic and trade development and cooperation. As an independent legal person, SINOSURE was officially launched and put into operation on December 18, 2001, whose service network now covers the whole country.
In case you've never utilized SINOSURE assurances a few times as of late, we can create an opportunity for your company gets a unused credit limit in SINOSURE and the most noteworthy conceivable SINOSURE evaluation. After just can utilize the credit oblige with any of your suppliers in China to actuate 90, 120 or 180 days conceded installment terms.
Get a Sinosure credit limit for your company
Increment your company's existing Sinosure credit restrain. Get a Sinosure credit constrain for a gather of companies. Transfer your existing credit restrain between companies inside the group. Transfer booked credit constrain from one provider to another. Negotiate exchanging terms along with your providers with Sinosure protections (in Chinese). Help your provider to require out a Sinosure protections arrangement and clarify to him how it works.
This implies that we are ready to compile a credit report to check our client company's money related circumstance and present their company to Sinosure within the best way. These credit reports are acknowledged by Sinosure and offer assistance the Sinosure endorsing division to form a positive credit choice and to endorse the specified credit restrain. We have a profound understanding of the Sinosure working instruments, and this makes a difference us to induce credit limits affirmed by Sinosure for our customers.
This interesting set of characteristics makes a difference us to conduct arrangements with providers in Chinese, structure bargains and pass the Sinosure credit foundation check strategy effectively, guaranteeing that the credit constrain is affirmed for our customers.
Steps to getting your credit constrain endorsed and upto 180 days deferred payment terms along with your supplier
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1.Preliminary check
Send us your company's monetary articulations for the past 3 years and for the past months of the current year, if any. Our pro will do all the calculations for you, with respect to the credit restrain permitted and applicable for your company.
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2.Negotiations with suppliers
We require to conduct brief arrangements together with your suppliers, in arrange to clarify the points of interest and get affirmation of assent to work beneath Sinosure insurance.
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3.Credit report execution
Our group of experts carries out an in-depth credit report, so that your company gets through the Sinosure credit examination strategy effectively. When the credit report is completed, we begin the credit check strategy.
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4.Credit limit approval
We assist you and your suppliers to pass the credit effectively. We communicate with client, replying to extra questions and sending any additional records required for the credit check.
COFACE
COFACE (hereinafter referred to as "Compagnie Française d'Assurance pour le Commerce Extérieur ") is a state-funded and policy-oriented insurance company established and supported by the state to promote Europe, Russia, Ukraine, United Kingdom & United States foreign economic and trade development and cooperation. As an independent legal person, COFACE was officially launched and put into operation in 1946, whose service network now covers the above countries.
In case you've never utilized COFACE assurances a few times as of late, we can create an opportunity for your company gets a unused credit limit in COFACE and the most noteworthy conceivable COFACE evaluation. After just can utilize the credit oblige with any of your suppliers in COFACE Operating Countries to actuate 90, 120 or 180 days deferred payment terms.
Get a COFACE credit limit for your company
Increment your company's existing COFACE credit restrain. Get a COFACE credit constrain for a gather of companies. Transfer your existing credit restrain between companies inside the group. Transfer booked credit constrain from one provider to another.
Negotiate exchanging terms along with your providers with COFACE protections. Help your provider to require out a COFACE protections arrangement and clarify to him how it works.
This implies that we are ready to compile a credit report to check our client company's money related circumstance and present their company to COFACE within the best way. These credit reports are acknowledged by COFACE and offer assistance the COFACE endorsing division to form a positive credit choice and to endorse the specified credit restrain. We have a profound understanding of the COFACE working instruments, and this makes a difference us to induce credit limits affirmed by COFACE for our customers.
This interesting set of characteristics makes a difference us to conduct arrangements with providers in Europe, United Kingdom, Russia & United States, structure bargains and pass the COFACE credit foundation check strategy effectively, guaranteeing that the credit constrain is affirmed for our customers.
Coface credit means the maximum amount of trade credit that insured suppliers can facilitateimporter or buyer under Coface insurance.