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Export finance

Export finance is a financial product that helps businesses engaged in exporting goods and services to finance their international trade activities.

Export finance

Export finance is a financial product that helps businesses engaged in exporting goods and services to finance their international trade activities. Here are some of the features, USPs, and Generic Criteria of export finance in India:

Features

  • Pre-shipment finance : Export finance provides funding for businesses to finance the production and shipment of goods before they are exported.
  • Post-shipment finance : Export finance also provides funding for businesses to finance their working capital needs after goods have been shipped, but before payment is received.
  • Currency conversion : Export finance allows businesses to convert their foreign currency earnings into the local currency, reducing the risk of foreign exchange fluctuations.
  • Collateral requirements : Export finance can be both secured and unsecured, depending on the lender's terms and conditions.

USP

  • Helps to mitigate risks : Export finance helps businesses mitigate the risks associated with international trade, such as non-payment by foreign buyers, currency fluctuations, and political risks.
  • Flexible repayment terms : Export finance provides flexible repayment terms, tailored to the specific needs of the business
  • Faster processing : Export finance is typically processed quickly, allowing businesses to meet their working capital needs efficiently.

Generic Criteria

  • Export sales : The borrower must have a minimum threshold of export sales, typically determined by the lender's terms and conditions.
  • Business history : The business must have a minimum operating history, typically ranging from 1-3 years, depending on the lender's terms and conditions.
  • Documentation : The borrower must provide documentation related to the export transaction, including invoices, purchase orders, shipping documents, and insurance policies.
  • Collateral : Depending on the lender's terms and conditions, collateral may be required to secure the loan.
  • Creditworthiness : The borrower's creditworthiness may be taken into account by the lender, including credit history and credit score.
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