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Financing made Possible by Qualitas USA
Outdoor power products specialists
Open Account Lines of Credit of USA made Products for Qualified Buyers
Qualified Customers of Qualitas USA have the opportunity to acquire products with open terms by purchasing export insurance policy.
Who qualifies: Distributors of countries not excluded by our policies. Distributors must have a sound financial situation and allow a recognized credit agency to review their references. They must also provide their financial statements to Qualitas and/or the credit agency authorized by Qualitas.
How does it work: Credit approved customers will decide amount of dating they prefer (usually from 30 to 120 days from invoice date) and issue a purchase order (or sign a proforma invoice) for each open account term operation. When the invoice is due, they must wire the amount owed to the bank account specified by Qualitas.
Costs: Customers will pay 1.4% cost of export premium insurance plus 1.0% for each 30 days they require credit. For Example: a $ 10,000 cash invoice would have the following additional charges if bought with 12 months open account terms:
a) Premium: 1.4% = $140.00
b) Interest rate: 12(months) x 1.0% = $1,363..00
Total: $11,504.00
Benefits: This is a powerful tool to generate sales. In fact, the sponsored credit line does not require collateral, exclusive for products with a least 51% of USA made content. It is significantly simpler than a letter of credit. Qualitas has a delegated authority to grant credits on a first time basis of $75,000 and up to $200,000 for subsequent credits. Some customers may apply for significantly higher credit limits.
Our Offices are located as Follows:
Qualitas USA
3047 N.W. 107 Ave, Miami, Florida 33172 U.S.A.
Telephone: (305) 597-9445 Fax: (305) 597-9835
E-mail: info@qualitasusa.com
Web page: www.qualitasusa.com
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