With a history of over ten years underwriting in the Chinese credit system from PMF’s head China Office in GuangZhou, this is a lender that has seen changes in the industry on a very up-close and personal level. In addition, an equally impressive history with over 30 years of underwriting credit in the US from PMF’s head office in Los Angeles has given 1st PMF Bancorp™ the ability to offer services that put customers in a unique position to take advantage of sourcing that is safer and easier for buyers working in the US and China.

With all the rapidly changing trade policies and complex processes in the business of foreign trade, this comes at a time when everyone from the retailer to the manufacturer is looking for legitimate and secure sources that will provide stability and security for a long term relationship.

PMF’s expertise in credit management provides safety by mitigating risks to the buyer. The process is extremely important to customers who need the ultimate in protective services, especially for those involved with trade. Through the use of of several credit products, small to medium size buyers can use PMF’s trade finance products to provide sophisticated Letter of Credit purchases that place the burden completely on the factory in providing the exact delivered product without risk of loosing a deposit or more.

However, the risk is not always monetary because the loss of time or the mere fact of not being able to the receive the product is a loss in sales and thus, profit. Therefore, PMF’s credit reports such as the Supplier Pass™ product, can provide critical information on making the right selection of supplier(s) from the start and thereby avoiding the pains of dealing with weak or inefficient suppliers. PMF provides such credit information/evaluations in part through its trained staff by conducting real-time inspections of Chinese supplier and then comparing this info to official Chinese government databases.

This process allows all the information presented to be verified as true, correct, and complete. Additionally, PMF’s trained staff in its China Offices follow through based on PMF’s strict training and criteria from PMF’s American trained credit staff. This is just an example of the tools available to mitigate risks, and make transactions safer for all parties involved.

The benefits of PMF’s credit expertise in credit management becomes a very useful tool that truly levels the playing field by increasing the terms of transparency, and also works towards minimizing obstacles that could otherwise cause difficulties for some businesses that don’t take the measures to protect their interests.

When asked about the benefits of increased safety provided by PMF Bancorp’s credit systems used on the Manufacturer.com and www.ChinaMartUSA.com website, ChinaMart™ Trade Manager Josie Zhang stated, “I’m a huge fan of PMFBancorp.com because the partnership with ChinaMart™ allows any retailer to buy wholesale goods with confidence from foreign suppliers. All these features really help to take the risk out of international trade.”