Different business can qualify for different types of financing. In general, there are 5 main sources of financing for a business. Loans from banks or credit unions Investing personal funds into a business Alternative financing like accounts receivable factoring Investments from friends & family Crowdsourcing
Due to it’s close proximity, friendly borders, and compatible trade policies, the US and Canada have an excellent trading relationship. The top US imports from Canada are: Fuels and Oil Cars/Trucks and accessories Machinery Wood related products Plastics
According to ustr.gov, the 10th largest supplier of goods to the US is India. In 2019 the top 5 import categories were: Precious metal and stone – $11B Pharmaceuticals – $7.6B Machinery – $3.7B Mineral Fuels – $3.6B Organic Chemicals – $2.8B
The US is one of the largest importers of goods from China. According to www.tradingeconomics.com the top 5 imports from China into the US by value (USD) are: 1. Electrical/Electronic Equipment – $135.12B 2. Machinery – $1115.64B 3. Toys, games, sporting goods – $40.42.B 4. Furniture, lighting signs, prefabricated buildings – $31.45B 5. Plastics – […]
Trade credit allows your supplier to provide supplies or services without cash or payment up front. With this type of credit, you can get the material or service you need to keep your business running smoothly. This can help you grow your business and take on new opportunities with limited cash on hand.
PO Financing isn’t technically a loan. It is more of a financing accommodation where a company helps a client purchase product related to the fulfillment of a customer PO. It most situations the finance company is actually buying the goods and reselling to their client, who is then reselling to their end customer.