UPS unit starts bridge loan for small importers

UPS unit starts bridge loan for small importers - http://www.reuters.com Avatar Posted by TimJustus under Global
From http://www.reuters.com 5131 days ago
Made Hot by: on September 18, 2008 11:41 pm
United Parcel Service Inc has launched a bridge loan for small U.S. businesses that import goods into the country.

Under the UPS Capital Cargo Finance program, the company will advance 50 percent of the value of goods to U.S. importers for up to 60 days upon pickup of the merchandise in a foreign country. The goods themselves will serve as collateral.





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