We now offer FIVE innovative funding solutions

 

As one of the UK’s leading financial services providers, we can now offer FIVE innovative funding solutions that respond to your trading needs, allowing you to buy goods in a variety of ways and bridge the cashflow gap between making and receiving payments. With flexible payment options that can be used in combination with each other and that no other provider currently offers, you will benefit from increased trading opportunities at home and abroad.


Is Trade Finance right for you?

Any delay when buying, taking delivery and selling goods can have a knock-on effect on any business, especially when trading overseas. If funds aren’t readily available at the point of purchase or even when placing orders, your ability to meet your customers’ expectations, or to take on lucrative new contracts can be weakened.

We could offer all or part of the cash you need upfront, meaning you can take advantage of valuable discounts and build trust with new suppliers without leaving your business exposed.
 
If the answer to any of the following questions is ‘yes’, then you will benefit from our comprehensive Trade Finance product:

 

  • Do you have insufficient funds in place to manufacture orders or purchase goods?
  • Do you find it difficult to satisfy existing customer orders and to accept new ones?
  • Would you get a discount from suppliers if you could order in bulk or make upfront payment for goods?
  • Do you experience a long transport period after payment of goods that ties up your cash?
  • Do you pay cash upfront to a supplier before or during the manufacture of goods?
  • Have you got a credit limit with some suppliers which restricts orders?

 


Our Trading Places research undertaken with nearly 500 SMEs, showed that navigating international business logistics and managing currency fluctuations are the TOP 2 CHALLENGES facing UK SMEs. 67% of SMEs surveyed, who use FX facilities, say they have been hit by currency volatility in the last 12 months. Bibby Financial Services Dec 2017

OUR INNOVATIVE OFFER

5 WAYS TO BUY WITH CONFIDENCE

1. Purchase Order or Forecast Sales: If you have a purchase order from a customer or are purchasing goods based on forecasted sales or for stock we can provide funding for the goods you need to buy.

2. Pre-Shipment: We can make payment and provide guarantees to your suppliers in the following ways:

  • Letter of Credit or Supplier Undertaking: This is a promise to the supplier that they’ll get paid if they deliver the goods on time and according to your specifications.
  • Deposit: Our new deposit finance option means you can pay if a deposit is required.
  • Full pre-pay (Ex-Works): In an offer unique to the market we can now provide funding to pay for goods before they are shipped, ideal when having to deal with suppliers who prefer upfront payment. 

3. Post-Shipment: This option allows for full payment to suppliers upon shipment of your goods.

4. Invoice Finance: Invoice funding is ideal for businesses that have customers on long payment terms, or who often pay late. Our Trade Finance service can work in tandem and there are two methods available:

  • Invoice Discounting can fill the gap between raising customer invoices and getting paid.
  • Factoring Services are ideal for businesses that require funding and prefer to outsource collections from their customers. 

5. Additional Services: Alongside our Trade Finance offering, we also offer:  

  • Non-recourse Bad Debt Protection and take on your bad debt risk.
  • Our Foreign Exchange Service can help you to save money by allowing you to fix favourable exchange rates to use at a pre-agreed future date.

Download our Simple Guide to Trade Finance

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How we help our clients

We support our clients’ import activity so they can maximise the international trading opportunities while improving cashflow. Through our network of Trade Finance experts you have direct access to the right global expertise and experience. Below are some examples of clients we’ve helped:


Trading Pexels

Foreign Exchange

We help you by taking the complexity out of exchanging money with our FX service, allowing you to release funds from your unpaid invoices through Invoice Finance and directly convert to the currency of your choice. This helps you to reduce your risk and exposure to currency fluctuations by locking in exchange rates and scheduling payments at that rate in the future, giving you more control. 

 

Find out more about Foreign Exchange


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Talk to a member of our team today on 0808 163 1060

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