TRADE FINANCE

Introduction

Trade finance or transactional finance provides you with funding to pay suppliers for the purchase of finished goods. Normally this is against an order from your customer or some other proven demand for the products you are buying.

Trade finance usually runs alongside the traditional forms of funding like overdrafts, invoice discounting and factoring and will take the form of purchase finance, letters of credit or VAT export funding schemes.

  • Import Finance allowing you to pay for goods abroad prior to shipping
  • Export Finance covering the cost of shipping and VAT
  • Purchase Finance to help with seasonal trends and bulk orders

Trading abroad

Funding can be a huge barrier to trading abroad, usually because of the timing of the funds that pay for the goods. In an ideal world your trading partner would help but that’s not always possible and you find you have to pay for goods in advance, or bear the shipping and VAT costs early in the process. We can help with both of these scenarios with a range of schemes that are designed to solve these problems without affecting your existing credit lines.

Trading at home

Whilst winning a large order is good news, it often comes with its own set of headaches especially for newly established businesses who may not have the trading record or cash assets to pay for manufacturing or materials. In these situations we can arrange for finance to allow you to purchase goods and raw materials, and bear much of the manufacturing cost providing you have a firm order for your finished goods from a creditworthy customer.

Asset Finance

We have a number of solutions that can be tailored to suit your requirements:

  • Plant and equipment with everything from earthmovers to blast furnaces.
  • Factory machinery including printing presses, production lines and woodworking machinery.
  • Commercial vehicles large and small from a single van to a fleet of articulated trucks.
  • Executive company cars covering the very best marques at extremely competitive rates.

Property Finance

We have a number of solutions across these four main areas:

  • Bridging Loans and Short Term Finance when you need to raise funds quickly.
  • Commercial Mortgages and Remortgages for all types of property.
  • Development Finance for new builds or major renovation work.
  • Loans secured on property for any business purpose and at competitive rates.

Invoice Discounting and Factoring

Invoice Discounting and Factoring are a means of improving your cashflow by obtaining funds secured on the strength of your sales ledger debts.

The average time taken for UK businesses is to get paid is 67 days. With Invoice Discounting or Factoring, you get up to 90% of each invoice value paid into your bank account immediately.