Trade finance, also known as purchase finance provides funding for companies to pay suppliers for the purchase of finished goods, normally against firm customer order or where there is a proven demand for the product.
Trade finance usually co-exists alongside more traditional forms of funding like bank overdrafts, invoice discounting and factoring.
Trade finance or import finance can take a variety of forms from purchase finance through letters of credit to schemes funding the Vat element of exports.
There are many SME’s who’s growth potential has been stifled as they have been unable to raise the necessary finance via traditional banking and factoring facilities but luckily there are finance companies who have developed innovative funding facilities to try and plug some of these gaps with facilities available to help fund the following:-
for the import of finished goods
to finance the purchase of finished goods for resale against firm customer order
to finance the purchase of finished goods for stock
to finance the sale of goods and services by providing funding against outstanding sales invoices
At Trade Finance Solutions, we have a good relationship with these niche players, and know who can offer what type of funding to whom.
Even more importantly our broking service can put you in touch with UK trade finance companies who are innovative enough to devise new ways to help where possible.
As a broker our services are completely free of charge so please contact us without obligation to see if we can help
Trade Finance Solutions
Torridge, Hockley, Tamworth, Staffordshire B77 5QL
Tel: 01827 707680