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- Packing Credit
Packing Credit
Why is this type of finance right for you?
- Gives you working capital to fulfil orders
- Covers all pre-shipment costs
- Lower interest rates than traditional overdrafts
Other benefits
- You have an extended, flexible finance period – usually 90 days before the shipment date
- The credit covers manufacturing costs such as raw materials and employee wages
- Supports cash flow while goods are being packed and waiting for shipment
- Simple pro-rata repayment from Documentary Credit proceeds or buyer remittance
- Credit terms can be structured to suit your business
- You can win new business by offering more competitive terms to trading partners
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