UPS Capital, the financial services arm of UPS, has expanded its presence in Latin America withtwo new offices in Colombia and Peru, to help facilitate global trade.
The offices are located in Bogota and Lima, the capital cities of Colombia and Peru. Usingin-country representatives to staff the offices, UPS Capital will be able to offer specific kindsof loans to qualified businesses in Colombia and Peru to finance the import of capital goods andinventory components.
The new offices complement the network of UPS Capital in Latin America which already includesrepresentative offices in Argentina, Brazil, Chile and Mexico.
Bob Bernabucci, president of UPS Capital, said: “By offering Colombian and Peruvian companiesgreater access to the services and capabilities of UPS Capital, we are able to further facilitatetrade with the United States. As a key player in global trade, UPS profits from growth in allexports contributing to its business of serving the logistics needs of customers.”
UPS Capital provides financial products and services that are designed to improve the flow offunds and minimise risks in global trade. The company is committed to helping customers enhance andprotect their income by integrating UPS’s logistics capabilities with financial services.
UPS Capital’s offerings include global trade finance, trade protection services, credit cardsand related services and payment-acceleration services. UPS Capital companies deliver financingsolutions that include loans backed by the Export-Import Bank of the United States and have officesthroughout the country as well as operations in several other countries. Products are offeredthrough UPS Capital Business Credit, a subsidiary of UPS Capital Corporation.
