We had a problem with importing merchandise because of limited access to capital after credit tightened up post-2008. The service offered from CFP International gave our business a lifeline. Letters of credit are expensive and hit your balance sheet hard. We never knew there was an alternative to the headaches until we found CFP. We thank them.
Sometimes with our overseas manufacturers of apparel we need to purchase a letter of credit before the supplier will accept an order and perhaps we need additional liquidity to meet those requirements. CFPI helps us meet those requirements without reducing our cash on hand and it is a breath of fresh air because we have never been offered this kind of thing from a bank
At first I was not sure about the idea of using a letter of credit backed with someone else’s collateral. CFPI was patient and helpful in teaching me how the process works and getting me up to speed with the right products and services to grow my business. They even helped strategize the purchase of inventory on deals which we did not require their services. I would highly recommend them to any company which imports goods as a primary business activity. They are truly fantastic.
It was really nice to find an alternative to pledging large amounts of capital as security for our international purchases. CFPI’s letters of credit give us the ability to make our money work harder for us. We thank them for their product.
We have used CFPI for two international purchases and we have found that their products and services perform consistent with thier claims. John and I found it easy to work them and we will consider them the next time we require letters of credit
Run down the list of trade finance specialists. You won’t another company that does what they `{`CFPI`}` do. They provided a letter of credit for my business in four working days and truly solved an enormous headache. If we did not have access to their product, we would have lost revenue. Plain and simple
I am very eager to “share what a great experience I had with CFP International. We were structuring a very complex transaction involving a variety of participants and they `{`CFPI`}` were able to sort through the confusion and coordinate a solution that worked for my business. If we did not have the benefit of their experience on our side, I highly doubt we would have closed our deal.