General Information Required From The Foreign Buyer For Credit Processing of Export Financing

General Information Required From The Foreign Buyer For Credit Processing of Export Financing:

1. Company name, address, telephone number, fax number, e-mail address, contact person, and the date and place of incorporation.

2. A description of the company business. Supply any company brochures, annual reports, or other literature describing the company.

3. A description of how the financed equipment or service will be used, as well as a cash flow projection regarding loan repayment from the utilization of the equipment or service being financed.

4. A brief history of the officers of the company to include names, titles, ownership percentage, time with company and day to day responsibilities.

Financial Data:

The last three years of balance sheets and income statements and the most recent interim statements if the last fiscal year ended more than nine months prior. If the financial data was not prepared by a Certified Public Accountant, the data should be signed and dated by a principal of the company. Certified financial statements are necessary for loan of $1,000,000 or more.

Banking History of Business Checking and Savings Account:

Include banking references on all of the company bank accounts. This must be presented on the bank's stationery and must include the bank's name, address, telephone number, fax number and contact person. Have the bank include the account number, opening date of the account, a year to date average balance and a current balance.

Commercial Bank Loans:

This must be presented on the bank's stationery and must include the bank's name, address, telephone number, fax number and contact person. Have the bank include the loan number, opening date of the loan, the original loan dollar amount, the terms, balance and a rating of how the loan has been paid. Include the information on all bank loan references.

Business Credit References:

Include three credit references from suppliers who extend you credit. This must be presented on the supplier's stationery and must include the supplier's name, address, telephone number, fax number and a contact person. Have the supplier include the account number, opening date of the account, the terms, credit limit, balance and a rating of how the account has been paid.

Equipment Description:

Provide information on the equipment to be financed. US supplier's company names(s), address, telephone and fax number, contact person, manufacturer's name and model number(s).
http://www.diamondcapital.com/Description___Benefits/Export_Financing_Solution_Page/Export_Financing_Page_2/Export_Financing_Page_3/Export_Financing_Page_4/export_financing_page_4.html [Accessed: August 13, 2006]