Credit Terms

Short & Medium Term Credit

There are two separate programs available for your use.

The first—a short term credit program—is for companies wishing to purchase products such as parts, supplies, consumables and commodities. Most foreign buyers want open lines of credit of 30 to 180 days. If your are a distributor and want to stock American products, we can provide up to 12 months financing--that's one whole year before you need to pay our invoice to you on the products you received! We can meet both needs by giving you free financing for the first 30 days of each invoice and rates as low as 1% per month for each month beyond the first 30 days. Rates are a direct reflection of the credit worthiness of the borrower and the size of the invoice--the better the credit and the larger the order, the lower the monthly interest rate.

The second—a medium term program—helps companies who want to purchase capital equipment from U.S. suppliers and want financing of up to five years on the equipment and machinery. We will finance the transaction and pay your suppliers in full for the equipment before it ever leaves their facility. Environmental equipment can be financed for as long as seven years. Each loan or finance lease requires a 15% down-payment and the remaining payments are made on a quarterly or semiannual basis. Interest rates and terms are usually much lower than a foreign buyer can get in their own country—so save your current credit facilities for other purposes!