Flexport set to help SMBs with capital financed supply chains

Flexport Capital recently released a financing solution to help alleviate the working capital constraints caused by the U.S.-China tariffs. According to the company, a suite of trade finance solutions, Flexport Capital helps businesses – especially “fast-growing companies” – keep their capital working for them. Dan Glazer, Flexport Capital’s vice president, said in an interview that small-to- medium-sized enterprises are being served by this new offering. “It’s mostly in the apparel and high-tech electronics sector,” he says. “But we were surprised that even a few industrial manufacturers are attracted to this service.” We discovered that over 60% of Flexport clients have had products affected by the tariff increase, resulting in higher duty payments since January 2018.