Frequently Asked Questions

Do I qualify for Xport Manager®?

Do foreign receivables have to be insured in order to qualify for this type of financing?

How do I know how much financing will be provided on my foreign receivables?

What documentation do you require in order to process a financing request?

What if my foreign customer doesn’t pay the invoice?

What Xport Manager® Costs?

Can I use Xport Manager® in addition to my other existing credit facilities?

How do I apply for Xport Manager®?

Do my foreign sales qualify for financing?

Do I qualify for Xport Manager®?

Xport Manager® is designed for exporting companies that meet U.S. Small Business Administration’s industry size standard as a "small business". Together with your affiliates, you must have had average export credit sales during your preceding two fiscal years that do not exceed $5 million, excluding sales made on terms of confirmed irrevocable letters of credit (CILC) or cash in advance (CIA).

Do foreign receivables have to be insured in order to qualify for this type of financing?

One of the principal challenges of doing business internationally is the risk of non-payment. With Xport Manager® we combine export credit insurance provided by the Export-Import Bank of the U.S. with export financing to provide you with the ideal solution to finance your foreign sales. As a requirement for financing, you must have your own export credit insurance policy to insure your foreign receivables. As the holder and administrator of your own export credit insurance policy, you would handle various aspects of the policy. This includes the foreign buyer approval process, transactional compliance and reporting to assure that your coverage is in place. You simply designate CFS International Capital as Loss Assignee of the policy, allowing us to receive benefits of your policy as a result of a defaulted financed receivable.

How do I know how much financing will be provided on my foreign receivables?

Upon application and approval, we will provide a credit limit to your company with sub-limits for each of your approved foreign customers. At this point, you are able to finance transactions to approved customers up to their individual available limits and within your aggregate credit limit.

What documentation do you require in order to process a financing request?

You simply send us a financing request, indicating the receivable(s) you want financed, along with copies of the invoice, transport document, and other supporting documentation. We will do the rest. You will receive the pre-established advance amount within one business day of receipt of your request.

What if my foreign customer doesn’t pay the invoice?

We don’t interfere in the relationship between you and your foreign customer. In case the invoice remains unpaid, you follow up directly with your foreign customer. If payment is not collected, we give you the option to repay the financing before pursuing any collection efforts…a flexible solution to help you preserve the relationship with your foreign customer.

What Xport Manager® Costs?

There are several variables that determine the cost of Xport Manager®. The cost of financing varies depending on the size of the transaction, the payment terms, and whether or not the foreign customer pays back the invoice in a timely manner. Most if not all of the financing costs can be passed on to your foreign customer in the total sales price in return for the open account and extended payment terms. This provides both you and your customer low-cost financing in addition to streamlining your entire trade financing process.

Can I use Xport Manager® in addition to my other existing credit facilities?

Xport Manager® is a selective transactional financing product. It can be used in addition to your existing credit facilities. This allows you to expand your available credit whenever necessary.

How do I apply for Xport Manager®?

Please contact us for an easy to complete application or Click Here and we'll contact you.

Do my foreign sales qualify for financing?

Foreign sales must meet eligibility criteria as established by the Export-Import Bank of the U.S. in order to qualify for financing. Goods must be shipped from the U.S. and have a minimum 50% US content, less markup.