Running an import company can be very exciting yet challenging at the same time. As demand for cheap produced goods has increased, so has the number of importers that are constantly growing their businesses.

To be a successful importer you need three things – good suppliers, solid customers and the right financing. As a matter of fact, having the right financing can make or break your company.

Importers always play a delicate balance with their financing. The idea is to have as much financing as possible that is active (in use), backing up active purchase orders from clients. However, this delicate balance of living on the edge with financing has its drawbacks. What happens when you get an order that exceeds or exhausts your bank financing? Unless you have a great track record, it is unlikely that the bank will extend you further financing.

Your best option is to use purchase order financing.