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).

                                                              

Who will be the biggest winner when Toys R Us game over?

The world is shocked by the news that Toys R Us filed for liquidation on Thursday. Who will be the biggest winner after this? Most people believe some retailers like Amazon, Walmart and Target are set to benefit from it.

On Wednesday, the US's best-known toy store informed employees that it would be closing or selling its more than 700 stores in the US. On Thursday morning, filed for liquidation.

In a conference call with employees on Wednesday, CEO David Brandon partly blamed its downfall on a devastating holiday season, when sales were less than half of the $600 million it usually expects.

The company has lashed out at its competitors, saying Walmart, Target, and Amazon created the "perfect storm" to kill off the chain after cutting prices on toys during the holiday season. Toys R Us said it could not offer such low prices because of its reliance on toy sales.

These rivals, along with several stores, are now set to capitalize on Toys R Us' demise:

Walmart

image credit: internet

Walmart is the largest toy retailer in the US and the second-largest online after Amazon.

Last year, it doubled down on its efforts to capture more of this market, adding more than 1,000 new toys to its selection during the holidays, offering exclusive products, and competing more on price. Toys R Us said in its liquidation filing that those price cuts were a big reason behind its weak holiday sales.

Given its number of US locations, Walmart is well-positioned to capture the lost foot traffic from Toys R Us stores.

Amazon

image credit: internet

Amazon is leading the way in online toy sales, which in 2016 amounted to $2.2 billion, according to data cited by Statista. This figure eclipsed sales numbers from Walmart and Toys R Us.

Amazon is winning over people ditching stores to shop online for toys — in December 2016, 14.7% of parents with children under 9 said they went online to purchase toys, versus 7.3% in 2011, a report by Coresight Research found.

Amazon wants its customers to know it's getting serious here. This month, it sponsored Khloe Kardashian's over-the-top baby shower.

"So grateful to be surrounded by a beautiful support system. And special thank you to @Amazon for helping me bring it all together!" Kardashian captioned her Instagram post, adding the hashtags #AllOnAmazon and #AmazonBabyRegistry.

Target

image credit: internet

Toys R Us also singled out Target as part of a triumvirate of retailers that contributed most to its declining sales.

During the holiday period, Target reported stronger-than-expected results, citing a surge in online sales and more store traffic.

While Target does not report its toy sales separately, Reuters cited a marketing executive as saying a lack of other strong toy sellers most likely helped Target keep its "loyalists" away from Toys R Us.

Like Walmart, Target has a significant US store presence and a growing online platform, meaning it's set to scoop up former Toys R Us customers.

eGTCP

Besides the above 3 companies, you can also find cheaper and suitable toys on egtcp.com. eGTCP offers not only high-quality products, but also related trading service, find more details: www.egtcp.com.

Popular services in global trade:

financial support-$100,000, buy now, pay later

credit inquiry-know your partner's credit status to avoid trade risk

factory inspection/loading monitor/trade assurance

Follow us:

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

                                                            

eGTCP financial support - your reliable trade solution in Yiwu Fair

Yesterday, Yiwu Fair came to a close. As one of the three major exhibitions in China, Yiwu Fair provides a great trade platform for the global buyers and Chinese suppliers to make business more efficiency. eGTCP.com , as a partner of Yiwu Fair, offers consultation services and issue Credit Purchasing cards to buyers to,help them do business in China.

More than 2,000 buyers had come to the eGTCP booth and joined the Platform after the introduction of the services provided. Many of them also showed great interests in the GTCP – Credit Purchasing Card.

As a professional supply chain platform, we aim to solve all trade related issues for our clients through our integrated services.

ü  We pay your suppliers in advance

ü  Max $5,000,000 Credit Limits, apart from bank limits

ü  90-180 days credit terms

ü  Increasing your purchase volume and profits

For more details about the services, please visit www.eGTCP.com.

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