UPS Capital Cargo Finance Service enhancements
UPS Capital has announced the expansion of the UPS Capital Cargo Finance service with new options on in-transit cargo for US importers.
In a statement issued today (16 January), UPS said the enhanced offering increases the amount a business can borrow from 70% of the supplier’s commercial invoice to 100%.
Other enhancements include:
- Repayment terms up to 90 days rather than 75 days
- An unsecured credit line that won’t interfere with existing banking relationships
- More competitive interest rates for eligible companies shipping with UPS
“These enhancements effectively increase liquidity to support the growth of small and mid-sized businesses,” said Mark Robinson, president of UPS Capital. “They are designed to accelerate cash flow so companies can have more working capital to invest in their businesses.”
