This loans is issued with the back â€“up of collateral known as ‘Account receivable”; in this case, on the completion of the export transaction, the buyers bank pays the value of the export to lender on which reductions are made for the loans approved and the balance you get after all deductions is your profit. So you do not bear the financial burden of the export transaction alone; the government is there to help you as well and you still enjoy your subsidy from the government on each transaction.
Also to encourage export trade, most governments agencies are now setting up export processing zones. Here, goods are manufactures or produce for export with tax exemptions to exporters. Most of the facilities you may need for your operations are already there for you and you can get them at a very subsidized rate. So export items from the export processing zone are internationally competitive in term of price, quality and delivery.
There are several export/import bank, World Trade Centers, commercial and development banks, Chambers of Commence, and other trade promotion organizations that could be of help to your financing need.
In most cases, the agencies are also the financial intermediaries between the development bankers and the exporters in need of financial support.
Why not contact them today?