For most businesses importing requires greater financial reserves and flexibility than buying from a UK supplier. Rather than buying goods on credit as is usually the case in the UK, when importing you must often pay for the goods or make substantial deposits before delivery.
The deal you are able to make with your supplier will depend on the availability of funds, and can significantly affect the bottom line profit the transaction generates. At Asset Finance UK we have a range of options to help you with importing, and as a rule our packages won’t affect your existing credit lines.
- Solve cashflow problems caused by foreign suppliers requiring payment in advance
- Allows you to offer payment in full in advance as a negotiating tool
- Demonstrates your liquidity to key suppliers
- Won’t affect your existing credit lines
- Easy to arrange
More than solving cashflow problems
Whilst many of our clients look for Import Finance to solve the cashflow issues, they also experience a number of spin-off benefits. In particular their ability to gain improved terms from suppliers, based on rapid payment and by placing larger than usual orders.
By demonstrating excellent liquidity to suppliers, they find that the suppliers want to do more business with them, and may even allow exclusive supply arrangements and help them gain a competitive advantage by doing so.