Freudenberg, Germany – Albrecht Baumer, a foam cutting machinery company, has started to offer export guaranteed funding.
The company said: 'In recent years, we have repeatedly been approached by customers wishing to defer the purchase price over a longer period of time or to organise long-term finance.'
The new finance packages are managed by Tr8fin and Euler Hermes, and are available for amounts of at least EUR 50,000. Baumer said the offer should be interesting to companies in countries with risks, difficult capital markets, high inflation, high credit interest rates or high regulatory requirements for export finance.
Customers using the service can more flexibly finance larger projects, protect their bank credit, and creditworthy companies can get financed without collateral, Baumer said.