Description:
UPS Capital, the financial services business unit of UPS (NYSE: UPS), offers traditional and non-traditional financial services and insurance products to help businesses accelerate the movement of money through their supply chains by enhancing cash flow, reducing trade risks, and facilitating international trade. By combining financial services with UPS’s other capabilities, UPS Capital is an important link in UPS’s strategy of synchronizing global commerce.
Mission:
UPS Capital establishes new UPS relationships and enhances existing ones by delivering financial solutions that foster customer growth, drive new package revenues, and create supply chain opportunities.
UPS Capital finances the exchange of goods moving through UPS’s global network. By integrating financial services with UPS’s other capabilities, UPS Capital offers customer solutions that competitors have yet to match.
Products and Services:
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- C.O.D. accelerated payment services
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- Revolving lines of credit
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- Flexible Parcel Insurance*
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- Business and Personal Credit Cards
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- Global Asset Based Lending
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- International Buyer Credit (equipment and inventory loans)
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- Receivables Management Services
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Established:
1998
Headquarters:
Atlanta, Ga.
Locations:
U.S. locations: Atlanta, GA; Marietta, GA; Vestavia Hills, AL; Boston, MA; Wayland, MA; Dallas, TX; Houston, TX; Denver, CO; Chicago, IL; Hartford, CT; Kansas City, MO; Olathe, KS; Lenexa, KS; Minneapolis, MN; Los Angeles, CA; Encinitas, CA; Gardena, CA; San Marcos, CA; South San Francisco, CA; Seattle, WA: Sparks, NV; Henderson, NV; Miami, FL; Deltona, FL; Davie, FL; Uniondale, NY; Morristown, NJ; Edison, NJ; Pittsburgh, PA; Harrisburg, PA; Easton, PA; Providence, RI; Richmond, VA; Oakbrook, IL; Columbus OH; Plainfield, IL; Hawthorn Woods, IL; Prospect, KY; Rochester, NY; Springfield, MA; Washington D.C./Reston, VA; Woodstock, MD; Wilmington, DL; Memphis, TN; Cordova, TN; Phoenix, AZ
International locations: Canada, Hong Kong, Norway, Taiwan, United Kingdom and representative agents in several emerging countries
Additional Information:
- By combining financial services with other UPS services, UPS Capital can help customers accelerate growth and gain faster access to working capital. For example, the C.O.D. accelerated payment services provide payments to sellers for goods shipped via UPS C.O.D. within two to three days of delivery.
- UPS Capital Business Credit, a UPS Capital subsidiary (formerly First International Bank), is a Preferred Lender of the U.S. Small Business Administration (SBA) as well as leading lender in the government-guaranteed loan programs of the U.S. Department of Agriculture (USDA), and Export-Import Bank of the U.S. (Ex-Im Bank). For example:
- UPS Capital Business Credit is a robust participant in the U.S. Small Business Administration’s (SBA) Preferred Lender Program (PLP), which enables participating lenders to drastically reduce the amount of time it takes to approve SBA 7(a) loans for small businesses from weeks to just days. Under the SBA program, a business can apply for a SBA loan of US$250,000 to US$4 million, and benefit from SBA loan advantages such as longer terms, no points and no balloon payment. UPS Capital Business Credit is a PLP participant in the SBA's 75 districts covering all of the contiguous United States and has consistently been a leading lender in the SBA's 7(a) loan program and, for fiscal year 2006, closed 304 SBA transactions valued at more than US$190.7 million.
- UPS Capital Business Credit for four consecutive years has been ranked as a top lender in the U.S. Department of Agriculture’s (USDA) Business & Industry loan program in terms of dollar value of transactions. In 2005 UPS Capital Business Credit closed 5 USDA transactions valued at $18.05 million.
- UPS Capital Business Credit is a leading Export-Import Bank of the United States (Ex-Im Bank) lender in terms of number of transactions. For fiscal 2006, UPS Capital Business Credit closed 45 Ex-Im Bank transactions valued at $65.1 million.
Top Executive:
Robert J. “Bob” Bernabucci, president, UPS Capital
Web site:
 www.upscapital.com
* Insurance is offered through UPS Capital Insurance Agency, Inc. and through UPS Capital Insurance Agency, Inc. of Alabama in Alabama; UPS Capital Insurance Agency, Inc. of Massachusetts in Massachusetts; UPS Capital Insurance Agency, Inc. of Nevada in Nevada and Louisiana. UPS Capital Insurance Agency, Inc. and its affiliates are companies of UPS Capital Corporation.
Credit Insurance is governed by the terms, conditions, limitations, and exclusions set forth in the applicable policy and this fact sheet is only intended to provide a brief overview. Not available in all jurisdictions.
Loans are made in California pursuant to a department of corporations California Finance Lenders license. Check with your local UPS Capital representative for local availability. Credit availability is subject to approval. Products may be modified based on requirements.
UPS, UPS Capital, and the UPS Shield device are trademarks or registered trademarks of United Parcel Service of America, Inc. © Copyright 2006 United Parcel Service of America, Inc. All rights reserved.
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