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Step 1 - You inform GE of the need to purchase goods
Step 2 - We issue a Letter of Credit and take control of the stock by paying the supplier.
Step 3 - We raise a Bill of Exchange, accepted by you.
Step 4 - You deliver the goods and invoice the customer
Step 5 - You pay GE the value of the Bill of Exchange.
We will finance up to 100% of the purchase value of goods.
Revolving facility with credit periods up to 60 days.
Letters of Credit with a maximum validity of six months are available.
Works well for businesses that source stock in trade from overseas.
Opening Letters of Credit with suppliers will help your company maintain a good trading reputation via guaranteed payment.
Enables you to improve profit margins.
Assists with seasonal funding requirements.
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