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Financial Tip – Top 5 Reasons Invoice Factoring Is The Best Solution

January 30, 2013 By Leave a Comment

PMF Bancorp provides our clients with quality financing solutions in an environment where is inexpensive, but still very hard to get.

Here are the top 5 reasons Invoice Factoring is the best solution for your working capital needs…

  1. Cash Flow – Receivable financing and invoice factoring are both viable options for making sure that your balance sheets are on target. Cash flow is essential for making sure that your business is able to remain continue its sales momentum with confidence.
  2. Surviving Hard Times – When a billing cycle is delayed, it should not affect your overall business. Invoice factoring and accounts receivables financing provide cash for expenses that might otherwise disrupt a business. A great secondary source of commercial finance, invoice factoring allows businesses to stay afloat during poor challenging economic times.
  3. Liquidity – Invoice factoring produces immediate liquidity as opposed to traditional bank lending. There is no bank application for credit and no hoops to jump through in order to prove your business is credit worthy. Your expenses can be covered on short notice with quick payments.
  4. Uninterrupted Service For Your Clients And Customers – One reason why this is a great option for businesses is that you get the monetary benefit of selling your invoices – immediate working capital – but your billing process does not have to be interrupted.
  5. Industry Specialization – PMF Bancorp finances businesses across the board, but we focus on target sectors. We reduce the risk in the debt collection process by understanding your business. When it comes to trade finance and international finance of credit partners, our specialists have the experience you need and expect.

For more detailed information on Invoice Factoring solutions, feel free to contact 1st PMF Bancorp (Tel: +1-310-858-6696) or use our handy contact form.

Filed Under: Accounts Receivable Financing, Financial Tips, Financing News, Invoice Factoring Tagged With: , , ,

PMF Bancorp sponsors China Ministry Event to Promote US Exporters at ChinaMart on Oct. 10th (Wednesday!)

October 8, 2012 By Leave a Comment
ChinaMartUSA.com

ChinaMartUSA.com

PMF Sponsors the China Ministry of Commerce and China Beijing International Fair for Trade in Services (CIFTIS) event at ChinaMart Los Angeles on Wednesday October 11th at ChinaMart Los Angeles at LAX. We would like to invite you to participate in a seminar to learn how to PROMOTE USA SERVICES IN CHINA. China Beijing International Fair for Trade (CIFTIS) will conduct seminar and explain its support service role: www.ciftis.org

Why attend?

  • To learn about China’s Service Industry and Support policies from visiting China’s Ministry of Commerce & Beijing Service Fair Officials
  • To connect with Chinese service companies in China
  • To find US Export Service Company Opportunities
  • Learn about ChinaMart USA Platform… the experts in US-China Trade

To attend please sign up here!

Filed Under: Export Finance, Financing News, Financing News China, Import Finance, Invoice Factoring, Trade Finance Tagged With: ,

Financial Tip – The Secret of Financing Entrepreneurs’ Business Ventures with Invoice Factoring…

October 8, 2012 By Leave a Comment
Entrepreneur Financing Business Venture with Invoice Factoring

Are you an entrepreneur considering Financing Business Venture with Invoice Factoring? Call PMF Bancorp today 310-858-6696!

PMF Bancorp understands from our years of experience and expertise that the challenge facing most entrepreneurs these days is how to finance small business growth. PMF Bancorp has the secret for solving the common business cash flow problems… however, the environment of traditional bank loans are making it harder and harder to obtain a loan in this economy. Most banks will not approve small business loans until an entrepreneur can prove by jumping through countless bureaucratic hoops that his small business has been profitable for years and is still thriving … and, of course, there should not be a hint of any bad news. The Secret of solving your working capital issue is really simple for PMF Bancorp as PMF has been solving small business working capital problems for over 30 years.

Every business, big or small, at some point encounters cash flow bottleneck when it comes to growth. Hard cash already is demanded for the payroll and maintaining the inventory. Without the cash on hand to take the next step forward, a new small business venture easily can fail. This is where PMF Bancorp comes in to the picture. By providing small business entrepreneurs with its years of experience and customized financing options available beyond the traditional banks and other commercial lenders, a factoring/commercial bank lender expert can open the doors to freedom and flexibility for your business.

After all, the truth is entrepreneurs don’t even like the idea of wasting their time by visiting a bank for their financial requirements. PMF comes to you and visits your business as we know how the small business owner’s time is. The fastest and easiest way for an owner of a small business to overcome cash flow problems instantly is through the business’s invoices. Potential funds are hidden in these invoices but are useless until the customer pays them in full.

PMF Bancorp makes short term loans on receivables, inventory, pos, trade production based on the sales and future of the business. Banks look at the history of a business and PMF’s secret is to look at the future of your business.

PMF will look at:

  • Future orders
  • Current sales
  • Technology and intangible assets/process
  • Product type and management experience

The secrets are magical, they are simply common sense…the item most lacking in making loans these days.

PMF’s process is an advantage to the entrepreneur because he/she can earn more by accelerating cash and increasing sales with these extra funds. As a one-stop financial services shop, PMF Bancorp offers the options and the flexibility you need to move forward.

If you want to know more about the financial services of PMF Bancorp that range from accounts receivables financing and invoice factoring to trade financing and international services in China such as credit checks, inspections, etc… please contact us for a free consultation. As an entrepreneur, PMF Bancorp understands that you want to work with a company with the key combination of experience and expertise. By focusing on keeping the cash flowing, we help to ensure your ongoing success.

 

 

Filed Under: Financial Tips, Financing News, Invoice Factoring Tagged With: , , , ,

PMF Bancorp Sponsors L.A. Bankers Fall Cocktails 2012

September 28, 2012 By Leave a Comment

PMF Bancorp has been a leading commercial lender in the U.S. for 30 years in the area of asset based lending with specialties in factoring and trade finance. Our team specializes in Supply Chain Financing with four offices in China to service our clients with US-China trade needs.

PMF has always fostered good relations with our banker and finance friends locally and abroad… We would like to welcome you to our Social Mixer next month.

PMF Bancorp welcomes the LA Banking and Finance community to join our commercial lending team for a night of music and networking at Wokano Restaurant in Santa Monica on Thursday October 11th at 6pm (until 11pm).

Feel free to contact us at sales@pmfbancorp.com or +1-310-858-6696.
PMF Fall Cocktails Invitation

Filed Under: Financing News, Financing News U.S.

PMF Bancorp Financial Tip – What You Need To Increase Your Company’s International Sales

August 21, 2012 By Leave a Comment

Through cash-in-advance payment services, an exporter can increase sales, profit while avoiding credit risk or the risk of nonpayment from the buyer by using 1st PMF Bancorp.

Since payment is received prior to the transfer of ownership of the goods, the risk is handled in advance and insured in many of these cases through PMF Bancorp. Wire transfers and credit cards are the most commonly used cash-in-advance options. The problem is that requiring payment in advance is the least attractive option for the buyer. After all, this method tends to create cash flow problems. This is where trade financing to expand international sales and credit insurance by PMF Bancorp makes the most sense to both parties. PMF Bancorp has experience financing, factoring, and insuring these types of transactions on both sides of an international transaction, particularly with Chinese factories / exporters and American distributors / buyers.

Cash-in-Advance Payment Services - A Tool for International Trade

Cash-in-Advance Payment Services - A Tool for International Trade

Without question, there are certain trade situations, particularly on the international level, where cash-in-advance terms just make sense. If the importer is a new customer and/or has a less-established operating history, why take the risk? If the exporter’s product is unique, not available elsewhere, or in heavy demand, cash-in-advance terms can help to guarantee the acquisition. A third reason to focus on cash-in-advance is if the exporter operates an Internet-based business where the use of convenient payment methods is a competitive reality. In all of these cases, PMF Bancorp has experience helping to make a stressful negotiation into a working deal through a variety of trade financing options.

The problem is that when cash-in-advance is demanded without factoring and trade financing, it often is not a competitive option. Without the certainty that a financial institution like PMF Bancorp can offer, if full or significant partial payment is required prior to the transfer of ownership of the goods, the deal can implode on either side. Unless the seller sees no other option or the buyer has no other viable vendors, your company can lose out to competitors who may be willing to offer more attractive payment terms.

In a global market, customers and trading partners can be lost to competitors who offer more favorable payment terms to foreign buyers. Creditworthy foreign buyers, who prefer greater security and better cash utilization, may find cash-in-advance terms unacceptable and abandon the deal. This is where PMF Bancorp has an answer to address the needs on both sides. By providing legitimacy, credit insurance, due diligence, and trade financing, PMF Bancorp calms the waters, allowing smooth sailing and profitable deals to happen. If you want to know more about how PMF Bancorp can help your company with trade financing, please contact us.

 

 

Filed Under: Accounts Receivable Financing, Financial Tips, Financing News, Financing News U.S. Tagged With: , , , ,

PMF Bancorp Financial Tip On How Exporters Can Grow Sales With PMF Bancorp’s Trade Financing

July 23, 2012 By Leave a Comment

As an integral part of foreign trade, international letters of credit can grow your sales by providing a secure and reliable means of payment. In simple terms, a letter of credit is a financial guarantee of payment separate from the sale. It is a way of reducing the payment risks associated with the movement of goods across international borders.

When PMF Bancorp provides trade financing, its letter of credit services come with the territory. With PMF’s letter of credit, we also make sure your clients are reliable and creditworthy. Naturally, letters of credit and credit checks go hand-in-hand. The goal is to provide the financing you need to complete the deal and help your business.

Letter of Credit

Letter of Credit Services and International Trade

The need for a letter of credit is a consideration in the course of negotiations between the buyer and seller. When the seller has doubts about the credit-worthiness of the buyer and wishes to ensure prompt payment, a letter of credit allows the deal to happen. If the seller is shipping to a foreign country, a letter of credit issued by a financing institution can ensure the safety because payment portion of the transaction is being handled by two independent third party financial institutions.

Letters of credit open doors to international trade by providing a secure mechanism for payment. Financing opportunities, such as pre-shipment finance secured by a letter of credit and/or discounting of accepted drafts drawn under letters of credit, are often available. The expertise of a company like PMF Bancorp with extensive international expertise and experience is made available to help complete trade transactions successfully.

If you are moving forward with an international trade deal, please talk with the experts at PMF Bancorp. By obtaining international letters of credit and doing a background check on your trade partner, we help to ensure both the deal and the accounts receivables. With an international letter of credit, what appeared at first to be a risky venture can turn out to be a profitable expansion for your company.

 

Filed Under: Accounts Receivable Financing, Financial Tips, Financing News, Trade Finance Tagged With: , , , , , , ,

PMF Financial Tip – What is Export Factoring? Learn How It Can Help Increase Sales…

June 28, 2012 By Leave a Comment

Export factoring is a form of financing for international trade that fills the finance void when export companies have difficulty accessing traditional bank financing in tight economies such as today. The economy is not just tough in America, but all over the world and often there are export sales to be made when domestic sales are slow. More than 50% of the S&P Indexed companies’ sales come from abroad. How can you make more profit using export factoring when you are selling goods and services across international borders.

The key is to create a strategic plan before initiating the export sale. One must plan the credit with the lender, terms of payment that fit with your order, and the type of financing best suited for the product.

The challenge is that in the export business the minimum time for payment is 60 days to 90 days due to production time of product. Such a payment lag creates a major cash flow crisis for many existing export companies.

Luckily, PMF Bancorp can help fill the void as a one-stop financial service provider to plan your cashflow strategy through their accounts receivable financing and export factoring (aka trade financing services).

Financial Tips export factoring

Export Factoring Help

It is important to know your import partner’s credit so before accepting an international order, one must consult with their financial institution to gage the amount of credit and risk associated with the sale. PMF Bancorp constantly evaluates domestic and international credits for this exact purpose. PMF Bancorp has many tools to evaluate and control the risk for export sales. For example, PMF has specialty in evaluating Chinese companies’ credit and financing sales to various companies in this region through a network of branches it has in China.

One must strategize and remember to also negotiate a term of sale that fits the order size that it can handle safely. In many cases, a large order that requires extended terms is not feasible for small to medium size companies to accept. One must make certain that they have sufficient cash reserves for an extra 60 days beyond the payment terms as many export order payments can be delayed due to unforeseeable items such as custom inspections, ship delays, port delays, etc….

Lastly, one should make sure that they have selected the best financing product for the transaction. For goods that have volatile pricing such as electronics, commodities, etc., one should have a Letter of Credit or Bank Guarantee in place that guarantees payment. For items falling in the general merchandise category, export factoring can be safely used. PMF Bancorp provides its Trade Financing products to cover many international financing transactions so to learn which product may help your business best grow…feel free to contact us at +1-310-858-6696 or learn more at www.pmfbancorp.com

 

 

 

 

Filed Under: Accounts Receivable Financing, Accounts Receivable Management, Financial Tips, Financing News, Financing News U.S. Tagged With: , , ,

Fundraiser for the Diamond Bar Business Association

June 28, 2012 By Leave a Comment

PMF Bancorp recently assisted with fundraiser for the Diamond Bar Business Association. This fundraiser assisted local schools to raise money for their various academic programs. Stephen Perl, CEO, clients, and other colleagues met with various political leaders such as US Congressman Ed Royce and US Congress lady Judy Chu to discuss financing out reach for smaller businesses not serviced by the larger banks.

Fundraiser for the Diamond Bar Association

 

 

Filed Under: Financing News, Financing News China, Financing News U.S.

CCPIT invited PMF and ChinaMart

June 28, 2012 By Leave a Comment

CCPIT invited PMF and ChinaMart to a mayor conference it recently sponsored for for 29 Chinese cities. PMF’s executive team spent 2 days with over 400 delegates in conferences and networking sessions that concentrated on growing the strategic trade and investment primarily between the US and China.

Nanjing CCPIT Event 2012

Filed Under: Accounts Receivable Financing, Financing News, Financing News China, Financing News U.S.

PMF Partner with United Nations SS-Gate Program in Shanghai

June 28, 2012 By Leave a Comment

United Nations SS-Gate Program in Shanghai has partnered with PMF Bancorp to provide financing to many growing Chinese companies looking to expand to the US. PMF’s new Shanghai offices will be collated at the United Nations head office in Shanghai. The current goal is to open 5 new joint run offices in cities throughout China.

United Nations Partner 2012

Filed Under: Accounts Receivable Financing, Financing News, Financing News China, Financing News U.S.
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