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Money man. (Trade Talk).(Latin American importers get credit)

By Reveron, Derek
Publication: Latin Trade
Date: Friday, November 1 2002

Small importers in Latin America often lack the cash to pay US. exporters for goods upfront, forcing them to arrange credit for 30, 90 or 120 days. This is especially true during hard economic times. That's why as the recession kicked in last year, Miami trade-finance agency Hemisphere National Bank of Florida launched ImportCard Financial. ImportCard, a Web-based service backed by the Export-Import Bank, offers up to US$500,000 in credit for as long as 90 days to importers that buy US.-made goods shipped from US. ports. ImportCard President Carlos Milian talks to LATIN TRADE cont

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