Unlock Global Growth with​
Credlix Import Factoring

What exactly does Import Factoring mean?

Import factoring is a financial aid for trading business to manage their cash flow without any interruption. It is a process to pay the upfront amount to the supplier on behalf of the importer by a financial institution. Import factoring helps the importer get an additional time frame for the payment of invoices, eliminating the risk of fund insufficiency and promoting trade without any financial obstruction. This is an efficient and effective way for timely payments of invoices, making the supplier happy, and establishing healthy and mutual relations for future trade agreements.

Understand The Complete Process of Import Factoring

The overall process of import factoring involves three major parties: the Importer, the Exporter (supplier), and the Factoring Company (Eg, Credlix). The key steps in the import factoring process are:

• Signing Agreement Between Importer and Exporter

  The importer finalizes the order with a cross-border exporter (supplier) and an agreement between the parties to clear the invoices within 60-90 days.

• Connecting With the Best Factoring Companies

  Once the importer is satisfied, they partner with the factoring company, who evaluates the overall creditworthiness of the importer, trade eligibility requirements, and trading conditions before finalizing the financial assistance.

• Shipment of Goods

  The exporter ships the agreed amount of goods to the importer's region and raises the commercial invoice.

• Submission of Invoice to Factoring Institution

  After receiving the invoice from the exporters, it is the responsibility of the importer to forward the invoice to the factoring company for precise verification and processing.

• Payment to the Exporter

  The factoring company pays a fixed amount to the exporter immediately, once they receive the invoice details. For example, Credlix plays around 95% of the invoice value to the exporter.

• Final Statement/Settlement

  After the goods are received by the importer, they finally pay the final invoice amount, with additional fees or charges to the factoring organization, on the final or due date fixed by the agreement.

Key Benefits of Import Factoring

Utilizing the import factoring services can be beneficial in several ways for an importer, such as:

• Strengthen Supplier Relationships

  The on-time payment of invoices to the exporter (supplier) establishes a strong relationship with the importer and elevates long-term future trade consistency.

• Cash Flow Flexibility

  Keeps the importer free from financial subjects or issues, making it easier to focus on marketing, operations, and business expansion.

• Risk Protection

  Agreeing on non-recourse factoring helps the importer avoid non-payment risk and maintains business consistency.

• No Collateral Required

  Approval for import factoring does not require the availability of assets, it is approved based on the importer’s creditworthiness.

• Simplified Trade Management

  Business automatically gets financial experts to handle every step of import factoring documentation, collection, and even credit assessment.

Why choose Credlix as Import Factoring Partner?

For MSMEs, textile manufacturers, electronic businesses, and even large-scale OEMs, Credlix has curated specific import factoring financing assistance. Several features make Credlix the ideal partner for smooth import invoice financing.

• Global Network

  Credlix partners with leading global banks and suppliers to provide access to global trade financing solutions.

• Comprehensive Quotation

  There are no hidden charges. Apply online and get an approved quote within 24-48 hours. Transparent fee structure and repayment window may fall between 30-90 days (based on your signed agreement).

• Industry Expertise

  Credlix has served a wide range of industries, making them a trustworthy and reliable invoice financing partner.

• Dedicated Support

  We assist importers step-by-step throughout their import financing journey and provide end-to-end support, guidance, and documentation for seamless transactions.