Answering your questions
Export Finance allows your business to release cash against your outstanding customer invoices. It’s not a loan, simply a way to get access to the cash you’re owed by overseas customers, allowing you to manage your cashflow more effectively.
Export Finance is ideal for businesses that are new to or currently sell overseas who have customers on long payment terms, or who often pay late. Each can create a cashflow gap when it comes to paying staff and suppliers while waiting for invoices to be paid. It can also help businesses who want to expand internationally without taking on extra debt.
Export Finance helps you improve your cashflow and take advantage of international opportunities. It can also help you to overcome the complexities of selling goods or services overseas and protect against currency volatility with our integrated Foreign Exchange service.
When bringing you onboard we will work with you to make sure the funding you get is exactly what you need. This means that the length of time to have everything in place can vary depending on how complex your business situation is. We work flexibly, from the point of meeting you to understand your needs. Generally, we can set up a facility in a matter of days, however this depends on the speed in which we can access the information we need.
You can call us to have an initial confidential discussion with one of our advisors or to arrange a meeting. Once we understand your specific requirements, then we can provide an indicative offer to you. Following a new business review and consideration by our credit committee we can make a credit offer to you. If you choose to partner with us, then we’ll arrange a set up meeting and can then make payment to you.
If your client doesn’t pay within the agreed period, also known as the recourse period, usually 90 days, funding will be removed unless protected by Bad Debt Protection cover. You have the option to protect against customer insolvency with Bad Debt Protection.
We have over 35 years’ experience supporting businesses. You will be partnering with a truly global business operating in 44 locations across 13 countries throughout Europe, North America and Asia. We have a unique understanding of trade cycles within the UK and international market. We also have strong relationships with the British Chambers of Commerce, Institute of Export & International Trade and the British Exporter Association.
The cost will depend on which product works best for you, and the services you wish to use as part of any agreement. If you would like to request a quote, simply fill in our short form and we’ll send you the information you need.
Improving your cashflow while you take advantage of overseas opportunities
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