Financing

Financing


Need financing for an extra cash flow until your item gets here?
We offer in house financing for your shipment until they get here.

So how does it work?

  • We can finance up to 50% of the total amount which needs to be paid to your supplier either in China, Taiwan, or Thailand.  Example: Total amount that needs to be paid is $10,000 , we can finance up to 50% which is $5,000.

How do we pay the supplier?

  • As mentioned, we can finance up to 50% so all you have to do is deposit in our Peso or Dollar BDO account your part of the 50%. Because international payments are always in USD$, it is preferable that you deposit your share in $ also, however, we can also accept Peso deposits, we just have to convert it into $. We can convert it by purchasing dollars and with this, there is a fee. (All fees enumerated at the bottom).
  • Once we have your 50% share in $ currency, we can now proceed in sending your supplier the payment.

Is there an interest for the amount loaned?

  • There is a 5% interest on the loaned amount and is only payable once the item arrives. We will charge it together with the shipping cost of your item prior to pickup. As always, we never charge our clients a single centavo until their items are ready to be picked up.

 

(For $$$ deposit) Here’s a sample computation together with the fees when sending payment to your supplier using our financing service.

Amount to be paid = $10,000 / Loaned amount = $5,000

  1. Service fee = P1,500 (to be paid together with your 50% share before we can send payment)
  2. Then once your cargo arrives, we will charge you = shipping fee + ($5,000 x 1.05). Until your cargo arrives, we will never charge you yet for this.

The $ amount will need to be deposited in BDO $ account and the P1,500 service fee to BDO Peso account.

 

(For Peso deposit) Here’s a sample computation together with the fees when sending payment to your supplier using our financing service:

Amount to be paid = $10,000 / Loaned amount = $5,000

  1. Peso > Dollar conversion fee = P1,500 on top of current Peso > Dollar selling rate (ask us for current rate)
  2. Service fee = P1,500 (to be paid together with your 50% share before we can send payment)
  3. Then once your cargo arrives, we will charge you = shipping fee + ($5,000 x 1.05). Until your cargo arrives, we will never charge you yet for this.

Everything needs to be deposited in BDO Peso account only.

 

BDO Peso Savings account information : HBK Global Trading – 002070072653

BDO Dollar Savings account information : HBK Global Trading – 107640001487

 

 

 

 

Note: If using this service, we will need to be in direct contact with your supplier so we can evaluate them before sending any payment as we always want safety for all our clients. Financing service is always upon approval of HBK Global Trading. Approved loan amount is not always up to 50% as we qualify clients and their suppliers.

 

Did we miss something? Feel free to leave us a message or call us for further questions.