UPS unit starts bridge loan for small US importers

Discussion in 'The Latest UPS Headlines' started by cheryl, Sep 9, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    UPS unit starts bridge loan for small US importers - Reuters

    The financial unit of package delivery company United Parcel Service Inc said on Tuesday that it had launched a bridge loan for small U.S. businesses that import goods into the country.

    Under the UPS Capital Cargo Finance program, the company will advance 50 percent of the value of goods to U.S. importers for up to 60 days upon pickup of the merchandise in a foreign country. The goods themselves will serve as collateral.
     
  2. paidslave

    paidslave New Member

    Great! Let's import more good's....Go Walmart!
     
  3. drewed

    drewed Shankman

    Hey paid if you have such a problem with it why dont you work in the manufacturing industry, instead of the service industry?
     
  4. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    It's called a "global economy" for a reason.