electronic Global Trade Credit Platform/eGTCP's Blog: Recommended: Top Fan Parts Supplier in China

Today we'll introduce a leading fan parts manufacturer in China to you.

Company Profile

Ningbo Baokeqi Import & Export Co., Ltd.

Location: Yuyao County, Ningb City

Annual Export Volume: CNY 60 million

Product Category: Fan parts

Highlights: We are an all-round developing company that have gone through ups and downs in the foreign trade industry for 15 years. We have trading partners not only in mainland China like Guangdong ＆ Qindao etc., but also in Indonesia, where we have set up factories and enjoy resources from local developers and government.

Product Showcase

Leader

General manager: Mr. Hairong Ma

Interview

In 2016, one of the Indonesia buyers with whom Manager Ma had cooperated over the years had serious financial problems all of a sudden.. The buyer’s investment project was in the red and cannot return the funds in a short time, thus he was unable to settle payment for the goods.

On the one hand, there was the on-time delivery of raw materials from domestic factory which Manager Ma had already paid for; on the other hand, there was the overseas buyer who cannot settle the payment in time. Manager Ma was left with only a Sino Sure warranty bond...

What should he do? Manager Ma first thought of bank loans. But after consultation, he realized that it was impossible for the bank to release additional loans apart from the existing ones with current scale of company and trade volume.

Would he allow the reputation that he has been building for years to go to ruins just because of one-time interruption of cash flow?

At this critical moment, Manager Ma decided to get finance through commercial factoring, and he chose eGTCP.com.

He said, “In fact, we have already heard of eGTCP.com’s financing services before. These two years have saw the downturn of foreign trade with unoptimistic capital chain and cash flow, so I am very concerned about the financing channels. eGTCP.com provides financing for export companies with much lower threshold than the bank, so it is the one I can turn to for help.”

“After credit evaluation, eGTCP.com has granted a credit line of USD 350,000 to my buyer. eGTCP.com has not only helped me solve the unexpected financial problems, but also enhanced my capability to receive more orders. I’m no longer worry about buyers’ purchase on credit or overdue payment,” Manager Ma continued.

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