Choose from a wide variety of international trade services such as: Import Factoring, Export Factoring, Letters of Credit, Trade Payable Funding, and Trade Acceptance Financing.
First Capital provides:
•Up to 100% International credit risk protection
•Up to 80% financing against U.S. export accounts receivable
•International accounts receivable collection services
•Cash application services
First Capital offers two types of letters of credit for our clients:
•Commercial letters of credit used to facilitate international trade payment and contractual compliance.
•Standby letters of credit used as a guarantee of payment of financial obligations or performance of services
First Capital offers Trade Payable Funding to North American Importers as an unsecured working capital tool. The program encourages foreign suppliers to offer extended payment terms, while assuring them immediate, non-recourse payment once the Importer confirms its obligation to pay for goods and/or services supplied.
First Capital offers Trade Acceptance Discounting to Exporters as an unsecured working capital tool. The program encourages exporters to offer importers extended terms, while assuring them immediate, non-recourse payment once the importer confirms its obligation to pay for goods and/or services supplied.