UPS Capital, which provides loans to help companies finance global trade and factory expansions, has opened offices in Bogota, Colombia, and Lima, Peru.
The offices will be staffed by in-country representatives and will focus on financing imports of capital goods and inventory components.
The rationale behind the expansion into the South American capitals is that companies that produce more will export more, which requires the types of logistics services offered by United Parcel Service Inc.
“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, in a news release.
In Latin America, UPS Capital also has offices in Argentina, Chile, Brazil and Mexico.
Visit www.upscapital.com for more information.