Export Finance | Export financing for businesses | BFS

Export Finance helps you bridge the cash flow gap when selling overseas

Export Finance helps you expand into new markets

Export Finance helps you expand into new markets

There are many benefits to exporting. It’s a great way to expand into new markets and grow your business.

But there are financial challenges which you must overcome. When your customers are based overseas, the whole process can take longer than domestic sales.

Not only are there increased times in terms of shipping and delivery, but payment terms can be up to 120 days – or even longer. And when your overseas customers don’t pay on time, pressures on cash flow can be significant.

Export Finance offers a simple solution to these problems. It helps exporters to better manage relations with their remote customers and bridges the gap between raising an invoice and getting paid.

Export Finance definition

Export Finance is a business funding solution which provides financial support for expansion into overseas markets. It is a form of invoice finance which allows you to get access to working capital before you are paid when selling your products and services to overseas customers.

This helps you to overcome the cash flow challenges which can be created by the longer payment terms associated with selling overseas.

There is no limit to the funding available through Export Finance so as your business develops and grows in new markets, the amount of working capital you have available will increase too.

Watch our video which offers a simple guide to Export Finance.

Benefits of Export Finance

For businesses which want to expand beyond their reliance on the domestic UK market, exporting offers a great opportunity for growth.

We have over 16 years of knowledge and experience of funding exporters. Here are just a few of the benefits you will gain with Export Finance through Bibby Financial Services:

Market-leading funding – many other Export Finance providers put restrictions on your funding levels - we won’t. We specialise in funding exporters and provide more funding against export ledgers. You can be confident you will get the funding you need, no matter how your sales overseas change.
Unrivalled expertise - we support exporter’s day in, day out. We will work to understand your business so we can apply our vast knowledge and experience at every stage of the export process giving you the confidence you are in safe hands.

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Personal and flexible service - we will support you by providing access to knowledge of shipping terms and overseas legal jurisdictions, which reduce the risks and help to run your business smoothly. Our network of global offices also assist with languages, time zones and legal disputes.
A proven track record - in 2016, we funded £246m of exporter’s invoices and our Bad Debt Protection service protected £46m of export invoices. The UK British Chambers of Commerce, Institute of Export and The British Export Association all work with us so you get access to a network of professional support.

Key features of Export Finance

No limit to funding available for international sales for one or more customers
Get cash against the value of your invoices as they are raised
Credit control service with foreign language capability through our network of international offices
Choose to let us manage your credit control or keep it in the hands of your in-house finance team
Manage your account 24/7 with our secure Client Online portal
Access to Bad Debt Protection in case of customer non-payment
Optional Foreign Exchange to secure currency rates and protect your sales margin
Funding and support available wherever in the world your customers are

Client case study

Tech Professionals are a Banbury-based technical recruitment company which supplies engineers, technicians and other expert roles across a range of industries.

The business, which has customers across Europe, China and Indonesia, needed to boost its cash flow position. Many of its clients are on long payment terms, which meant it to bridge the gap between paying contractors and receiving client payments.

Our Export Finance team provided a £600,000 funding line, combined with Foreign Exchange services, to release the working capital needed to support business operations.

Rob Pattenden, Director, Tech Professionals Ltd, said: “When our incumbent funder was unable to increase our facility, we approached BFS who were able to offer an extended funding line to support our growth. The team have been extremely supportive throughout the process - their personal approach is second to none.”

Read the full case study

How does Export Finance work?

Invoice your customer

Raise your invoice as normal and upload it using our secure Client Online portal

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Access your funds

Within 24 hours you will be able to access an agreed % of your invoices

Contact

We collect payments

We discretely collect payment from your customers on your behalf

Payment

We pay you the remainder

Minus any fees as agreed with you in advance. No hidden charges.

More information about exporting

Guides:

Euler Hermes country reports: