(PRWEB) March 28, 2013
Seeing a lag in outreach and support to clients who are in the need, the team at PMF Bancorp™ has developed and launched their newest program, “Supply Chain plus Financing™.” With over three decades dedicated to helping their client’s success, PMF Bancorp understand the difficulties in managing a business out of the United States, as well as China. The company’s goal for the past three decades has been focused on designing a comprehensive trade financing platform for small to mid-sized businesses.
In response, the new program helps finance, secure, and insure imported goods from China, as well as other countries. PMF Bancorp’s global network of offices throughout Asia allows them to assist their clients in letters of credit, onsite inspections, production monitoring, credit evaluation, logistics support from their staff in China, and much more.
With their own letter of credit desk, they can better control the negotiations of the different facets that place control in the client’s hands. Larger banks do not allow for client input in the negotiation process. This is just an example of the many services, in addition to factoring and PO financing, that PMF Bancorp™ can provide.
"As an added value to our clients, PMF Bancorp's 30 years of lending and extensive operations in China have given us the tools to create the best 'Supply Chain Finance Program' available to small business," asserts Mr. Perl, CEO of 1st PMF Bancorp.
1st PMF Bancorp (“PMF”), a state and federally chartered bank lender that has been family owned since 1985. PMF specializes in providing short-term loans and trade financing to small and medium size businesses while also offering a suite of business credit services that offer companies a solution for evaluating credit and insuring payments. PMF’s also offers trade financing and supply chain support through its ‘Supply Chain Plus Financing™’ program. In 2004, PMF began the first privately owned factoring operation in China as a wholly owned Chinese subsidiary, Baolida Commerce Co. which now has offices located in Shenzhen, Guangzhou, Qingdao, Shanghai and Hong Kong. PMF provides a unique platform as a private lender for a smaller company looking for domestic and foreign working capital solutions for their growth needs. More info at http://www.pmfbancorp.com