- 05 Apr
Trade Finance Available
Trade finance can work in a number of ways but in simple terms it bridges the gap between having to pay for goods (often shipments of imported goods) and getting paid for them by your buyers, once you have sold them. I started work in trade finance, in 1988, way back when Barclays had a trade finance arm called Bexco Ltd. Since then there have been several revolutions of providers withdrawing from the market and then new entrants starting to offer trade finance again.
Fortunately, the current position in the economic cycle is such that trade finance is again becoming increasingly available, and we have a number of funding partners on our panel that now offer these facilities. So if you are importing goods from abroad this could be a great way of financing the purchase and bridging the gap before you get paid. In some cases, a factoring facility can work in tandem with trade finance in order to repay the import finance from the proceeds of your sales - a perfect partnership that can be very effective. However, it is not essential that you use factoring, TF can work in isolation in some cases.
If you would like more information, or a quote to understand the pricing for your company, please speak to Sean on: 03330 113622.