We talk heavily on the export side and get American products out overseas, but we forget about making that US product and what importers need to source that good to produce. The import side of a trade is always a little more difficult for the importer because they must do the financing part; they have to sell it to the bank and sell it to the supplier.

In this episode, I'm joined by Ralph Bochinno and Walter from Allstate Roofing, and we talk about trade finance options on an import level. We will listen to real-life discussions of the making of an import deal. I'll share conversations with the President of the bank and with the bank's client. We will hear some of the questions and the details banks are interested in knowing before closing a deal. Finally, Ralphie and I will wrap it up by discussing what we've heard and what are the possible solutions to make imports easier.

Tune in to Episode 2 of Shut Up and Go Trade and glimpse the inside of an import deal and the challenges you can expect to face when doing it.

In This Episode, You Will Learn:

• Why it is tougher to find assistance on the import side (3:39)
• The lunch meeting. A supplier's options (7:23)
• When suppliers look at fall if they don't get an order soon (13:23)
• Import is sweat equity. Rolling up the sleeves and putting the work in (17:28)
• Finding the right person in the bank (22:06)
• Asking the four questions. Getting in with the company as soon as they start (28:07)

Let's Connect:

• Website
• LinkedIn
• Facebook Group – Shut Up (Talk It Up) & Go Trade
• Twitter
• Instagram
• Youtube Channel

Support this show http://supporter.acast.com/shut-up-go-trade.

Hosted on Acast. See acast.com/privacy for more information.