Trade finance is a great product for importers of goods to the UK. When combined with an invoice factoring facility trade finance can help to finance the whole trade cycle. This means finance can be provided right the way from the confirmed order from your customer right the way through to your customer settling the invoice.
Read Full ArticleStories Tagged ‘Import Finance’
21
Oct
30
Jul
Import finance is used to facilitate the import of goods and their subsequent sale.
We typically use a combination of trade finance and invoice factoring to structure a finance facility that funds the entire trade cycle.
On the back of a confirmed order we can provide a finance facility that will pay your supplier and will finance the transaction right up to your customer settling your invoice.
15
Jul
Trade finance can be a valuable source of finance that can facilitate international trade. We typically use trade finance along side an invoice finance facility to assist importers.
If an importer has a confirmed order from a credit worthy customer we can provide a letter of credit to a supplier guaranteeing payment. They can then ship the goods. Once received the supplier is paid by the LC. The goods are delivered and an invoice is raised. An invoice finance facility can finance the invoice which repays the trade finance facility. When the customer pays the invoice finance facility is repaid.
The whole transaction from start to finish is financed. This allows small businesses to accept large orders they would otherwise have to turn down because of lack of working capital.
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