- Exporter Receives Purchase Order
- Exporter Sends Importer's information for credit approval.
- Export Factor Checks the importer's credit worthiness through FCI partner
- Import Factor evaluates the importer and approves a credit limit.
- Exporter makes shipment to importer
- Exporter submits invoice details and supporting documents
- Export Factor makes cash advance up to 90 of factored invoices.
- Collections are carried out by the Import Factor
- Import Factor remits funds to Export Factor
- Export Factor remit 10% remaining balance to Exporter's account less any charges.
