How Barai Overseas Can Help Startups Get Funding for Exporting

Starting an export business can be an exciting endeavor. However, it can be challenging for startups to secure funds for their export ventures, even though many funding options are available on paper. In reality, few startups are able to access funding from banks and other financial institutions due to stringent requirements and risk aversion. That's where Barai Overseas comes in. As a recognized export-import consultant, we have a solution for startups seeking funding for their export business.

The Challenge

It is common for startups to secure deals from credible buyers who offer payment terms such as Letter of Credit (LC) or Document Against Payment (DAP). These payment terms, while secure, do not provide upfront funds to the exporter. Startups need funds in hand to buy the material, pack it, and ship it. Only after shipping the material do they receive payment from the buyer. This gap can pose a significant challenge for startups with limited funds and network.

The Solution

At Barai Overseas, we have a community of startups willing to invest funds and learn about export trade. We bring these startups under one umbrella, creating a platform for collaboration and mutual support. If you have secured a deal but lack the funds to execute it, we can help you connect with other startups in our community. You can work together, pooling funds to execute the trade.

Here's how it works:

1. Pooling Funds: Startups in our community can pool their funds to execute a container or a bulk order. You can get funds in parts from multiple startups, allowing you to complete the trade.

2. Securing the Deal: When taking funds from other startups, it is essential to ensure the funds are secured. Make sure your deal is backed up with additional security like ECGC (Export Credit Guarantee Corporation) for credit insurance and marine insurance.

3. No EMI Pressure: Unlike taking a loan from a bank or financial institution, pooling funds with other startups doesn't come with the pressure of monthly installments. However, there should be a contract in place, and all parties should bear with the formalities of credit insurance.

4. Learning Opportunity: Collaborating with other startups also provides a learning opportunity. You can take other startups to suppliers, helping them gain knowledge and assisting you in the export process.

5. Community Building: Just like big brands collaborate with dealers and distributors, startups can also collaborate with friends, families, relatives, and other startups. You can bring in funds in a proper way and hit the ground running.

At Barai Overseas, we understand the challenges startups face in securing funding for their export business. We receive numerous requests from individuals willing to invest and learn about trade. By forming a group, we can provide startups with the support and funding they need to focus on their export business without worrying about investment. We are with you every step of the way.

For more information on how Barai Overseas can help you succeed in your export business, visit Export Booster.

Join the Barai Overseas community today and let us help you succeed in your export business!

The services offered by Barai Overseas Export Import Consultation can be beneficial in the following ways:

1. Access to Funding: Barai Overseas helps startups connect with other startups in the community willing to invest funds and learn about export trade, allowing them to pool funds and execute export deals.
2. Deal Security: Barai Overseas provides guidance on securing export deals with additional security measures like ECGC for credit insurance and marine insurance, reducing the risk associated with export transactions.
3. Knowledge Impartation: Barai Overseas imparts knowledge about the export process, including sourcing, packing, shipping, and documentation, enabling startups to gain practical experience and become self-sufficient exporters.
4. Regulatory Compliance: Barai Overseas assists startups in ensuring compliance with export regulations and formalities, helping them navigate the complexities of export trade and avoid legal issues.
5. Community Building: Barai Overseas fosters a community of startups that support each other in their export ventures, creating a network of collaborators who share knowledge, resources, and opportunities.

By addressing these concerns and utilizing the services offered by Barai Overseas, startups can make well-informed choices and attain a prosperous experience in the export business. With the guidance of the Export Import Guru, startups can navigate the challenges of exporting, secure funding, gain practical knowledge, and build a strong community of supporters and collaborators.