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Everything You Should Know About Trade Financing as a New Business Owner

  • Trade financing is crucial for new business owners to navigate through challenges and ensure long-term viability.
  • It involves financial tools that support trade and business, helping connect buyers and sellers.
  • Common trade financing solutions include letters of credit, payment assurance, export credit, and invoice factoring.
  • Benefits include cash flow control, minimized nonpayment risk, and the ability to focus on business expansion.

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