PayCargo Finance LP (“PCF”) provides short term 30 day credit solutions to approved clients of PayCargo LLC (“PC”) that will have the ability to manage their working capital by accessing credit directly through the proprietary PayCargo Platform rather than make payments from their bank accounts.
PayCargo is the world's leading online payment platform for the shipping and cargo industry with a patented platform serving as the industry's most secure and efficient payment solution allowing customers to move funds and payment information to their Freight Vendor for "Rapid Release" of the cargo. In many cases, cargo is released within one hour of payment.
The credit product is now being introduced to a select group of launch clients based upon our deep understanding of their businesses and consequential credit need.
Payables Credit: 30 day terms to NVOCCs and Freight Forwarders; allows better matching with receivables timing from their customers