Canadian companies can obtain Sinosure-backed open-account terms from Chinese suppliers. The supplier requests a credit limit on the Canadian buyer, Sinosure reviews its financials and history, and approved buyers commonly pay 90–120 days after shipment. Hespor Finance is based in Burnaby, BC, and works with importers across Canada.
Why it matters for Canadian importers
Canadian importers face long ocean transit to Vancouver or Montreal, rail and trucking inland, and seasonal selling cycles. Paying 30% at order and 70% before shipment can lock up cash for four to five months per container. Sinosure-backed open account moves the supplier payment to after the goods arrive, and often after they sell.
What a Canadian buyer file usually contains
- Certificate of incorporation (federal or provincial) and business number
- Two years of financial statements — a review engagement or audit strengthens the file considerably
- Recent bank statements
- Directors and shareholders
- Purchase history with Chinese suppliers
Sinosure and Canadian export credit agencies
Export Development Canada (EDC) insures Canadian exporters’ receivables. Sinosure insures Chinese exporters’ receivables — including their sales to Canadian buyers. The two do not compete: as a Canadian importer from China, Sinosure is the insurer behind your supplier’s terms.
Local support
Hespor Finance is based in Burnaby, British Columbia, and works in Pacific and Eastern time zones. Read about tariff risk and trade credit insurance for Canadian companies, then check your eligibility.
Frequently asked questions
Who qualifies for Sinosure-backed payment terms?
Registered companies with verifiable operations, financial statements and a trading history usually qualify — importers, wholesalers, distributors, brands and e-commerce sellers (Amazon, Walmart, Shopify). Stronger profiles have at least 1 year of operations, positive cash flow, no defaults or liens, and a Chinese supplier that is already Sinosure-insured. Check your profile in 2 minutes with our free eligibility check.
Learn more →What documents are needed for a Sinosure credit limit application?
Usually: certificate of incorporation or business registration, the last 2 years of financial statements (audited if available), a recent bank statement or bank reference, company profile with ownership and directors, and trade references or past purchase orders with Chinese suppliers. Exact requirements vary by limit size and country.
Learn more →How long does it take to get a Sinosure credit limit?
Typically 7–21 days once your documents are complete and your supplier submits the request, and longer for large limits or complex group structures. The biggest delays are missing financials and slow supplier responses — both of which we manage for you.
Learn more →Is Sinosure-backed trade credit a loan?
No. Nobody lends you money. Your supplier extends payment terms (open account) and Sinosure insures that receivable. It does not appear as bank debt, and no collateral or personal guarantee is pledged to a lender — although you must pay each invoice in full on its due date.
Learn more →Do I need a company or office in China?
No. Your company stays where it is. What matters is that your Chinese supplier holds a Sinosure export credit insurance policy (or is willing to add you to one). You do not need a Chinese entity, bank account or physical presence in China.
See if you qualify for 90–120 day terms
Free 2-minute eligibility check. Instant preliminary result, no obligation.