- 25 May
Trade Finance Can Fund Your Imports From Abroad
If you are an importer of goods from abroad trade finance could help you fund and pay for those imports and shipments.
If you have confirmed orders from well known debtors against which you are importing goods into the UK, trade finance could make the payments to your overseas suppliers for you (by letter of credit if necessary) and then the trade finance is repaid from the money received from your buyers once they pay for the goods that you have imported. The trade finance facility effectively bridges the gap between the time that you have to pay your supplier for the goods and the time that you get paid from your customers.
If you want credit control help collecting in your sales invoices the trade finance house can also provide that in addition to bad debt protection if you want that option.