 The Benefit to Canadian Exporters is Clear
Through NORTHSTAR, Exporters can offer financing in support of their bids for small and medium-size export transactions around the world.
NORTHSTAR's services benefit Canadian Exporters in several ways:
- Exporters can include a Financing Term Paper from NORTHSTAR as part of their marketing package, this can be a valuable tool to their sales force
- Buyer financing is available even for sales of relatively low dollar value
- Funds are payable to the exporter directly, and NORTHSTAR assumes the buyer risk
- Financing provided to the buyers is non-recourse to the Canadian exporter provided the exporter has fulfilled his obligation under the contract of sale with the buyer
- Exporters receive payment in full from NORTHSTAR within ten days of shipment
- The exporter's lines of credit are not affected by NORTHSTAR's financing.
- Loan documentation is standardized for greater efficiency and lower cost
- NORTHSTAR offers a quick turnaround of applications for buyer financing (within ten business days of submitting a complete application)
|
Northstar Trade Finance was formed in 1994 to support new and growing exporters by filling a market niche that was not being served by conventional sources of trade finance, but which is nonetheless critical to exporters' success in world markets.
