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International trade financing helps small businesses to expand their market and reduce their financial risks. The five benefits of international trade financing for small businesses are:
1. Increased access to capital: Financing can help small businesses access additional capital to finance their capital needs.
2. Reduced risk: International trade financing can help reduce the risk of non-payment by customers.
3. Improved cash flow: It can provide flexible payment terms, which can help to improve cash flow.
4. Improved competitiveness: It can help to reduce the cost of goods and services, which can help to improve competitiveness.
5. Improved access to new markets: Financing can help to open up access to new markets. International trade financing can provide the necessary capital to help small businesses expand into new markets.