BizSugar.com › Global › UPS unit starts bridge loan for small importers

United Parcel Service Inc has launched a bridge loan for small U.S. businesses that import goods into the country.

Under the UPS Capital Cargo Finance program, the company will advance 50 percent of the value of goods to U.S. importers for up to 60 days upon pickup of the merchandise in a foreign country. The goods themselves will serve as collateral.