Trade finance is, simply put an all-encompassing solution to filling in any gaps between shipping products and getting paid.
Sometimes called purchase order finance or import finance. Trade finance loans are flexible, short-term borrowing facilities, linked to specific import or export transactions.
Trade finance can be used by wholesalers, distributors, or importers, to close the payment gap at the beginning of the sales cycle.
How does Trade Finance work?
Trade finance generally works on a confirmed order basis. If you’ve have received a purchase order from a customer, trade finance enables you to buy the stock or inventory you need to fulfil that order, meaning the goods can be shipped as soon as possible, and you will receive the cash before your customer has paid.
Whether you are if you’re importing or exporting, we could help your business access trade finance, and enable your business to grow.
Need help? Call us on 0191 410 4776
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