If you sell equipment in emerging foreign markets your customers can face scarce local capital at high interest rates making it almost impossible to order your equipment.

We offer equipment leases and equipment loans for creditworthy buyers located in emerging foreign markets.  Our objective is to make financing available to your customers in emerging markets. 

1. Underwriting begins when National receives complete information about your customer and the transaction

2. Once we receive all of the information our underwriting process involves analysis of your customers financial statements, review of the credit bureau report and other information provided. Depending on the size and complexity of the transaction smaller deals may get approved in a week and other finance trade deals can take longer.

3. Upon approval the promissory note and loan documents will be sent directly to the customer for signature.

4. After we get the signed documents back from the customer and shipment takes place, show us the invoice, bill of lading, export documents and your company gets paid.

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What Kinds of Financial Information Are Required?

1. Financial Statements: The last 3 years of annual reports or financial statements are required for the past 3 fiscal years. Statements must be adhere to generally accepted accounting principles. Current interim financial statement if the last fiscal year ended more than 6 ago.

2. Credit Report: A credit report should show the customer has been in business for at least 3 years, provide favorable bank references. The customer will also be required to show favorable supplier credit ratings, and reflect no derogatory information.

3. Bank reference:  The bank reference must be on bank letterhead and signed.  It should describe the relationships with the customer and include details of any borrowing facilities and credit experience.

4. Personal Guarantee: The personal guarantee of foreign buyer's principal shareholders is required for companies with annual revenues less than $50 million.

Additional Information: It is always helpful to include a brief explanation of why the customer is acquiring the equipment.

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