Interim Financing | Finance / Banking (Buyers) | 

Interim Financing

Finance / Banking (Buyers) Published date: September 2, 2020

My company is a trading company in Hong Kong named TARGET TOP MANAGEMENT LIMITED. It supplies frozen chicken parts to a large buyer in China and procures supply form a very large company that has numerous meat production plants in the world, mostly from Brazil. We are doing a trial order of 5 containers this month. From the next month onwards the order size will be 100 containers per month. Right now we are working on the LC: Chinese buyer will issue 100% LC to us and we will issue a smaller LC to the supplier on the back of this Chinese LC. I'm looking for financing of the back to back LC.

After a couple of months of stable 100 fcl per month we would like to start paying down 30% cash payment / 70% payment against the sight of Documents before reaching the destination port. I would like to raise financing for 30% down payment in the region of USD1million. Repayment can start after 2 months and the term of the loan should be no longer than 12 months. Again this is backed up by the LC from Chinese buyrer.

Please let me know if this is of interest or if you need more information.

Thanks and regards.

  • Company Name: Target Top Management Ltd.
  • Country: Hong Kong

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