| Topic : How to Obtain Export financing |
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Financial Asset management
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Activity:
54 views;
last activity : 07 06 2010 20:18:09 +0000
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Unlock the hidden reserves
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Alternate financing
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Alternative financing
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General Invoice Factoring
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By freight bill invoice
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Look through your books (if they are reliable) and list out items that are not needed and can be sold.It can be old furniture,computers,non-moving inventory,a piece of land not needed anymore and I am sure you can add to the list.Also list out items that can let out like office space, cranes, trucks what not.....Trust me I can generate lots of hidden money in any situation. |
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I agree with this point. For alternative financing, unlocking hidden reserve is a very good idea. The unnecessary assets of the company can be sold if they are not needed. This will not only generate a lot of money but also will help us to get rid from all of unused items which are burden on us both in terms of time and money...
Sir,
The possibility that you have may be applicable for companies that exists already and has other forms of unused assets.
For a small company, I am of the opinion that there have to be a full fledged funding formal mechanism to support a growing number of entreprenuers for their early start operations. While venture capitalists fund anywhere up 2M US$ and angel investor between 200,000$ and 2M US$. We require people who could fund anywhere between 10,000$ and upward till 200,000 $.This shall be available through a formal mechanism and be available widely.
I am sure, we have certain schemes of banks / financial institution that doesnot require collateral upto 5 lakhs. All these schemes are at paper level.
So we need to ensure the small owners gets his access to credit and allows him to grow further either through the existing schemes or through newly implementable schemes.
Hope you see the requirement.
Sathya
Finance and Management consultant. Chennai
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We can generate funding by factoring (if our buyer's profiles are strong) our sales invoices, discounting of invoices for goods supplied against L/C (Domestic and international both). So in short, this way we can get a post shipment credit. |
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Now a days alternative financing plays very important role in running any business. Now even people who does not have proper security to back up their financing needs, can easily get the funding in this route. |
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The financing company makes its decision using the credit of the payer, rather than ours. That means that if you a small company that is doing business with a large credit worthy company, then it is almost certain to have the transaction approved. Another advantage of factoring is that it does not have set limits like lines of credit.. The level of financing is limited only by the amount of credit worthy clients we sell.
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Take in case of trucking companies which work with a high volume of freight invoices from credit worthy clients. This will make freight bill factoring an ideal solution for their cash flow issues. The factoring company buys the freight invoices from the trucking company for immediate cash. This will make trucking companies meet there preferential financing terms i.e drivers wage, diesel charges etc.
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