Factories in China shut down for more than a month in observance of the new year. The program provides 100-percent payment to manufacturers at the time of shipment, then allows the U.S.-based importer or retailer up to 120 days to pay back CBC. The service helps to ensure that goods are made and shipped prior to the shutdown, and arrive before the spring and summer shopping season. CBC’s Trade Finance division, with offices in the U.S. and Asia, works with manufacturers and suppliers outside of the U.S. to relieve the financial pressures caused by the increasing reliance of U.S.-based importers on extended open account terms of sale. Services offered by CBC include full-service factoring, accounts receivable management, inventory lending, asset-based lending and international financing.
