Ontario – Toronto GTA – Etobicoke
Corporation
Ontario
Toronto GTA
Etobicoke
Corporation
active
Operating name: Itf
International Trade Facilities Inc. is a Canadian firm providing trade finance products to mid-size Canadian exporters, importers and trading companies. We offer financing that foreign buyers may need to purchase equipment from Canadian sellers. We also provide bridge financing (on a specific transaction basis), structured financing and consulting services. On a case by case basis we arrange factoring services for countries where financing is traditionally difficult to source.
We are a specialist resource dealing only with export finance and
import finance transactions.
Country of Ownership: Canada
Year Established: 1990
Exporting: Yes
Primary Industry (NAICS): 522299 - All Other Non-Depository Credit Intermediation
Primary Business Activity: Services
Services:
Export financing - forfaiting, Trade finance
Sector:
Success Stories: A Canadian exporter selling to the PRC on sight terms was able to obtain a US$3 million contract by offering three year financing via ITF. The exporter was paid in full and without recourse upon shipment.
An ITF client was using up his credit line to issue letters of credit to their supplier in order to cover L/C's received from buyers. We negotiated a bridge financing procedure with the supplier backed by ITF that eliminated the need for the supplier L/C's and freed up the client's credit line.
ITF funded a Canadian exporter's fast increasing foreign receivables [due to exposive sales success] without EDC insurance being required. This allowed the exporter to continue selling though their credit line was completely utilized.
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Profile ID: LFCA-COD-O-42620