Made-in-China.com Launches Buy Now, Pay Later Program
China import portal Made-in-China.com has launched iCredit, a business line of credit "buy now, pay later" program.
iCredit enables small businesses to receive shipments from Chinese suppliers and delay payment until after products are delivered.
"Our new financing program helps cash-flow challenged businesses to more easily source products from China and compete in global markets," said Xu Bo, Vice President of FIE, the company operating the program.
The maximum total that can be borrowed through iCredit is $750,000, for up to 90 days. Participating suppliers have passed a due diligence process, including factory and financial inspections.