RMP, Interlink Partner to Offer Reverse Factoring Services
Interlink Capital Strategies, a Washington, D.C.-based financial advisory firm, announced it has entered a strategic partnership with New York-based RMP Capital to provide reverse factoring services to help U.S. businesses importing goods from overseas.
Based on this new partnership, Interlink will augment its existing capability in offering export trade finance products and project finance support in frontier and emerging markets with the ability to provide import financing to U.S. companies and their overseas suppliers.
Interlink said that unlike traditional factoring, where a supplier finances its receivables, reverse factoring is a financing solution initiated by the ordering party (in this case a U.S.-based company) in order to help its suppliers finance their receivables more easily and at a lower interest rate than what would normally be offered in many emerging markets. This process benefits the buyer by purchasing on credit terms thereby improving cash-flow. Likewise, the U.S. company’s suppliers benefit from improved cash-flow, and no risk of non-payment/delays.
Donald Barrick, president of RMP, said, “Our new strategic alliance with Interlink brings our companies the ability to assist our clients with alternative financial solutions which will help them compete more effectively on a global basis. I am confident that our new relationship with Interlink will prove to be successful.”
Interlink’s Alan Beard stated, “We are excited to expand our corporate capability to assist U.S. companies that are importing, particularly from emerging markets. We are looking forward to a productive relationship with RMP.”