January 16, 2018 / 2:12 PM / 7 months ago

BRIEF-UPS Capital Says Announced Expansion Of UPS Capital Cargo Finance Service With New Options On In-Transit Cargo For U.S. Importers

Jan 16 (Reuters) - United Parcel Service Inc:

* UPS CAPITAL SAYS ANNOUNCED EXPANSION OF UPS CAPITAL CARGO FINANCE SERVICE WITH NEW OPTIONS ON IN-TRANSIT CARGO FOR U.S. IMPORTERS

* UPS CAPITAL SAYS ENHANCED OFFERING INCREASES AMOUNT A BUSINESS CAN BORROW FROM 70% OF SUPPLIER’S COMMERCIAL INVOICE TO 100%

* UPS CAPITAL SAYS ENHANCED OFFERING INCLUDES CREDIT LINES UP TO $1.5 MILLION ON IN-TRANSIT GOODS

* UPS CAPITAL SAYS ENHANCED OFFERING INCLUDES LONGER REPAYMENT TERMS UP TO 90 DAYS FROM 75 DAYS Source text for Eikon: Further company coverage:

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