July 24, 2012
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Atlanta, February 02, 2011
UPS Capital®, the financial services arm of UPS (NYSE: UPS), today announced it has expanded its Latin American presence by opening new offices in Bogota, Colombia, and Lima, Peru, to help facilitate global trade.
Utilizing in-country representatives to staff the offices, UPS Capital will be able to offer specific kinds of loans to qualified businesses in Colombia and Peru to finance the import of capital goods and inventory components.*
UPS Capital delivers financial products and services that are designed to improve the flow of funds and minimize risks in global trade. The company is committed to helping customers enhance and protect their income by integrating UPS's logistics capabilities with financial services.
"By offering Colombian and Peruvian companies greater access to the services and capabilities offered by UPS Capital, we are able to further facilitate trade with the United States," said Bob Bernabucci, president of UPS Capital. "As a key player in global trade, growth in all exports contributes to UPS's business of serving the logistics needs of our customers."
The new offices expand UPS Capital's Latin American locations, which include existing representative offices in Argentina, Brazil, Chile and Mexico.
UPS Capital's offerings include global trade finance, trade protection services, credit cards and related services and payment-acceleration services. UPS Capital companies deliver financing solutions that include loans backed by the Export-Import Bank of the United States. UPS Capital companies have offices throughout the United States, as well as operations in several other countries. For more information, visit upscapital.com.
*Products are offered through UPS Capital Business Credit, a subsidiary of UPS Capital Corporation. UPS Capital Corporation is neither an agent for, nor associate of, UPS Capital Business Credit for the purposes of originating, processing, underwriting or servicing government guaranteed loans (e.g., SBA or Ex-Im guaranteed loans). Products may not be available in all areas and may be modified based on requirements. Check with your UPS Capital Business Credit representative for local availability. Credit availability is subject to approval.
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