Seeing the information that Caterpillar Corporation has a tariff refund coming of $392 million dollars might be the ultimate reminder of why I love finding helpful resources my valued clients and connections can use. (Article linked below) Recent court rulings invalidating tariff payments from within the past year have already amounted to more than $1.6 billion. Thousands of impacted companies have filed, while reports claim there are potentially hundreds more corporations which have not yet explored their situation or filed.
It is safe to say that many, if not most, of the corporations which are now eligible for refunds totaling millions of dollars could use that money right now. As one who lines up resources for my clients, I am pleased to say, “I got a guy!”.
Even the largest of companies don’t have the time, administration, and personnel to monitor filings and wait for what could be months longer to have their refunds issued. My working with real estate brokers, investors, and developers over the years on a variety of successful projects has taught me to pursue resources before they are actively needed.
My hope is that we can work together to alert CFOs of corporations which are eligible for millions in refunds and get their money as soon as possible and without the time and administrative hassle. Chances are that some of you are familiar with “factoring”, which is typically when manufacturers and industrial businesses sell receivables in order to get cash on hand. However, factoring in that use can result in an eventual loss of income because those payments typically include costs for inventory and fulfillment.
Tariff refunds were not initially anticipated and consequently become more like “found money” than a reimbursement. I am pleased to have an associate on my team poised and ready to assist large companies to get their refund of millions of dollars right away. Having millions of dollars in your operating budget, which could be used for investing, expansion, or funding more deals immediately can clearly outweigh the cost of waiting and waiting for what could be months and possibly having to file and update in the process.
Even if you do not have any contacts for me that “we” could help obtain millions of dollars quickly, the lesson is to know who and what your resources are and to be prepared to pursue an opportunity the moment you learn of it, uncover it, or even think of it.
I’m hoping I can help at least one company be “first in” on millions of dollars very soon!
(Here is the article: https://www.supplychaindive.com/news/caterpillar-bags-392m-tariff-refund-as-duty-costs-shrink/828170/ )