How to get ＄500,000 purchasing capital in global trade?

Today, we are going to study a successful case of getting purchasing capital from eGTCP.

image credit: internet

The leading character of our story today is Abhinandan. He first came to know us at the 3^rd Global Trade & Credit Conference (GTCC) last year and finally decided to cooperate with us by applying for purchasing credit line of USD 500,000 after over 6 months of consultation and investigation.

▲Buyer-Abhinandan

Invited by our staff Leo through LinkedIn, Abhinandan attended the 3^rd GTCC with the intention of buying computer-related products and accessories on site.

▲Invitation of the 3^rd GTCC

The 3rdGTCC last year was an event to remember for Abhinandan. At the conference, he learned about our financial services where we help buyer do Open Account orders with Purchasing Credit Card.

In Feb. 2018, Abhinandan applied to Leo for our financing service so as to,
increase his purchasing volumes, find new suppliers and release capital pressure.

▲On-site Photos from the 3^rd GTCC and Purchasing &Matching Conference

After over 6 months of consultation and investigation, and with full confidence and trust of the Platform,

Abhinandan applied to us for the financing service of USD 500,000.

【Tips】
eGTCP Financing Service is provided by the Financial Service Provider of the Platform -- Zhejiang Great Tao Factoring Co., Ltd.

Zhejiang Great Tao Factoring Co., Ltd. is a wholly owned subsidiary of the Great Tao Group specializing in international and domestic commercial factoring.
It is not only one of the first commercial factoring companies in China, the first professional commercial factoring organization in Zhejiang Province, but also one of the institutions engaged in international commercial factoring business on a large scale in China. It was also invited to become a member of the Commercial Factoring Expertise Committee of CATIS and the only Chinese member of the International Factoring Association (IFA).

With the mission of “financing for small and medium-sized enterprises (SMEs)” in mind, Great Tao Factoring offers a series of comprehensive financial services to the SMEs including financing, credit investigation, credit assessment, business account management, risk bearing, debt collection, bad debt recovery and so on.

Up till now, it has served more than 5,300 SMEs with financing limit reaching USD 400 million and CNY 300 million respectively.
The GTR credit assessment has evaluated over 3,000 companies with trade risk frequency under 0.2% and risk-loss rate approaching 0.

▲Conversation between Leo and the financial adviser of Abhinanda

Abhinandan has purchased goods from China for many years now. With annual purchase volume reaching USD 5,000,000 - USD 7,000,000, he has not only his own purchasing representative in China but also many regular trading partners. Even the assessment fee of Purchasing Credit Card was transferred to the Platform through his Chinese supplier.

▲Company Website of Abhinanndan

▲Bank Slip of Abhinandan

Currently, Abhinandan is waiting for the detailed approved financing limit after submitting the Global Trade Credit Assessment materials to Aaron from Great Tao Factoring. Although Abhinandan has applied for USD 500,000 financing limit, the detailed approved financing limit shall be subject to evaluations of his company’s trade status, financial conditions and risk assessment etc.

▲The Great Tao Factoring Credit Assessment Agreement between Abhinandan and Great Tao Factoring

Q & A 

What’s the difference between financial buyer and average buyer for the Platform supplier?

The financial buyer of the Platform is the qualified buyer who has been verified by the Platform and the commercial factoring institution -Zhejiang Great Tao Factoring Co., Ltd. Great Tao Factoring learns of buyer’s trade status through his order records and bank slip. And through field investigation of his suppliers, it would also have a better understanding of the buyer’s actual operational conditions. Accordingly, the financing limit will be granted to such buyer after approval of Great Tao Factoring.

1. The approval of buyer's financing limit can fully assure the rights and interests of the supplier and reduce trade risks;
2. The buyer’s purchasing volume shall be increased after he gets the financing limit;
3. When the buyer with financing limit purchase products from the supplier, the supplier can get the payment for goods from the Platform in advance to recoup funds and minimize trade risks.

Besides, Abhinandan has also asked for the Canton Fair Booth No. of eGTCP, so that he may visit us while finding new products and suppliers during the fair. To show our appreciation of his support, we have decided to showcase him and his company on our homepage for free.

▲Abhinandan Displayed on the Home Page of the Platform

eGTCP will attend the second and third session of Canton Fair at booth AP411. Welcome to visit our booth for more details of Platform services and buyer information.
 

▲eGTCP's Canton Fair Booth in 2017

Preparation for the 4^th Global Trade & Credit Conference has begun with an initial enrollment reaching over 30 overseas buyers, 60 Chinese suppliers and a dozen of service providers.

Get financing limit here:

https://www.egtcp.com/financial-service.

Get FREE ENTRANCE of GTCC here:
http://gtcc.creditgt.com/

Popular services in global trade:

Do you need financial service ($100,000) in global trade?

Why not check your supplier’s credit score before doing business?

factory inspection/loading monitor/trade assurance

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You can also contact eGTCP.com directly via mail (service@egtcp.com) or phone (+86 400-159-8448).

                                                              

Recommended: what is the reason behind Huayi's rapid development?

Today we'll introduce a leading import and export company in China to you.

Company Profile

Ningbo Huayi Import & Export Co,. Ltd.

Location: Yinzhou District, Ningbo City

Highlights: With “Integrity, Pragmatism, Innovation” as our business tenet, we focus on professionalism, attitude and services.

Ningbo Huayi Import & Export Co,. Ltd. was awarded the eGTCP Best Credit Service Provider on the 3rd GTCC for its excellent risk control system, professional services and positive client feedback.

General Manager of Comprehensive Business Department  JIANG Haiyong (Anna)

It is a company with quite a long history. Ningbo Huayi Import & Export Co,. Ltd. was founded in 1997 and was a wholly owned subsidiary of the Fiocco Group Co,. Ltd. with its main market aiming at China’s womenswear. In 2013, the company initiated its foreign trade service platform project, and has cumulatively offered the 24-hour one-stop foreign trade comprehensive services to over 3,000 SMEs.

The company has maintained its speedy growth in export volume for 3 consecutive years despite of the grim situation in the foreign trade industry. “In 2015, we ranked 133rd in the municipal foreign trade list, and after 2 years of rapid development we have risen to 33rd.” said JIANG Haiyong, General Manager of the Comprehensive Business Department.

How did Ningbo Huayi Import & Export Co,. Ltd. grow so rapidly in just a few years? General Manager Jiang answered this question with just 3 words: professionalism, attitude and focus.

Recently, Ministry of Commerce of the People’s Republic of China, General Administration of Customs, P.R. China, State Administration of Taxation, General Administration of Quality Supervision, Inspection and Quarantine of the People’s Republic of China and State Administration of Foreign Exchange have jointly issued the Notification of Promoting the Healthy Development of the Comprehensive Service Enterprises in Foreign Trade. For this new policy, General Manager Jiang thinks that there are 3 key points: the subject of liability is more explicit; the risk control is stricter; the punishment system is more mature.

 “ The filing system will be stricter which means that the manufacturers need to go through many more procedures by themselves. How to get the client to understand the meaning of comprehensive services? How to lead them to continue our cooperation? These are problems for our company and the whole industry.” said General Manager Jiang.

In 2017, Ningbo Huayi Import & Export Co,. Ltd. with its mind focusing on both credit and Internet, joined eGTCP.com officially and became a credit foreign trade service provider on the Platform. For the cooperation with the Platform, General Manager Jiang said, “ Our services are for SMEs, for they often encounter financial problems. But the Platform makes financing much easier which is exactly what SMEs need. So our cooperation is quite pleasant and I believe that we can achieve win-win together.”

Free services in global trade:

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You can also contact eGTCP.com directly via mail or phone.

Email: service@egtcp.com Tel: +86 400-159-8448

                                                            

Recommended: Top Building Materials Buyer from Malta

Today we'll introduce a leading building materials buyer from Malta to you.

Company Profile

Company Name: B Portelli Trading Ltd

Country: Malta

Industry: Building materials and hotel project

Picture of Best Credit Buyer Award, people in right is Bernard Portelli

Interview

Bernard Portelli Trading Ltd had been awarded the eGTCP Best Credit Buyer on the Global Ranking Ceremony of the 3rd GTCC on Sept. 19th, 2017 .

B Portelli Trading Ltd was founded only 4 years ago with only 3 people initially. His clients are all  very small shops with few orders. 

In this dilemma, Bernard Portelli began looking to the Chinese market. Since coming to China, Bernard Portelli has attended various exhibitions, but with little effect.

Last year, Bernard Portelli learned of the Electronic Global Trade Credit Platform (eGTCP.com) through a friend and became a Credit Member of the Platform. “Our relationship with eGTCP.com is more like a partner than just a client. After we have become an eGTCP member, the Platform begins recommending the right suppliers to us. And these suppliers have also been proved to be excellent with good credit after cooperation!” said Bernard Portelli.

After joining the Platform for just one year, B Portelli Trading Ltd has grown quite rapidly with orders amounting to USD 6 million. “Two of Malta’s big construction companies have become our clients, and our clients are also scattered throughout Europe. Currently, we’re negotiating project contracts with many hotels chains and government. eGTCP.com has played a crucial part in our business development and we’re very grateful and would like to recommend it to everyone. ” said Bernard Portelli..

Free services in global trade:

Follow us:

You can also contact eGTCP.com directly via mail or phone.

Email: service@egtcp.com Tel: +86 400-159-8448

                                                            

On-site Orders of 3rd GTCC Reach over USD 42 Million

From September 18^th to September 20^th , the 3^rd Global Trade & Credit Conference (GTCC), held by Zhejiang Great Tao E-Commerce Corporation and the Electronic Global Trade CreditPlatform (eGTCP.com)and co-sponsored by the Ningbo Municipal Commission of Commerce, People’s Government of Ningbo Jiangbei District and Zhejiang Qianyang Economic Development Zone, came to a successful end. 

The 3^rd GTCC which features “The Belt and Road ● Credit Trade” as the theme, carried out a series of events, such as the Global Credit Ranking Ceremony, Purchase Matching Conference of eGTCP Global Trade Integrity Ecosystem and Foreign Buyer’s Visits of Credit Suppliers’ Factories, etc.

This conference also presented a series of eGTCP awards, such as the Best Credit Buyer, Best Credit Export Company, Best Credit Service Provider, Most Popular Service Provider and Best Credit Partner, etc.

There were over 570 foreign buyers from dozens of countries and with different skin colors and at different ages in the Purchase Matching Conference. Each had a big order at hand and talked with thousands of foreign trade SMEs at this conference. The on-site orders reached over USD 42 million and orders under negotiation amounted to USD 210 million.

At present, eGTCP has cumulatively developed about 0.18 million registered suppliers, over 27,000 foreign buyers and 100 service providers. The service export trade volume of the Platform from 2016 to the first half of 2017 amounted to about USD 860 million, among which the trade volume of order sourcing and matching reached about USD 340 million.

 Free services in global trade:

Follow us:

You can also contact eGTCP.com directly via mail or phone.

Email: service@egtcp.com Tel: +86 400-159-8448