Financing Services ...

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In addition to IRG's procurement services, our financing services offer customers a unique advantage that cannot be provided by most suppliers.   With a simple credit application, IRG can finance any and all shipments to customers.

Typically, our international customers find that the interest rates offered by IRG provide a significant savings over interest rates available from their local banks.  By financing the purchases of our customers, these companies find that they can purchase our product, manufacture their equipment, sell their equipment, and collect their customer payment prior to having to pay the IRG invoice.  The cash flow benefits of this program offers many customers a true competitive advantage and cost reduction.

Process

  1. Our customers provide information about the product, material, or equipment they require. 
  2. IRG provides a quotation for the materials required.  If requested, IRG will include financing terms as part of the quotation.
  3. At the time of placing an order, the customer completes our standard credit application including 3 commerical references and 1 bank reference. 
  4. Upon approval of the credit application, IRG will confirm the financing terms and order.
  5. Upon shipment of the order, the invoice will include a line item including the cost of financing for the time period financed.
Typical Interest Rate: 12 - 15% per year.
Typical Time Period Financed: 60 - 180 days
Typical Amounts Financed: $ 15,000 - $ 500,000. 
Note that higher amounts may be financed with additional credit application requirements.
Credit Application Required: IRG Standard Credit Application with 3 Commercial References & 1 Bank Reference.

 



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