Import Finance
Import finance or trade finance allows importers who then sell on to other businesses to finance the entire transaction. This is particularly useful where you receive a purchase order from your customer who expects credit terms yet your supplier requires the comfort of payment.
We have several invoice discounting and invoice factoring companies who can issue an LC (letter of credit) to your supplier. Through a combination of trade finance and invoice finance it allows them to pay your supplier in full (including any VAT and freight) and finance the transaction right the way through to your end customer paying for the goods.
Import finance can allow you to take advantage of large orders that you otherwise may lose out on. As well as providing financial liquidity it can also remove a lot of the uncertainty and risk associated with purchasing goods from foreign suppliers.
If you would like to know more about import finance call us on 0845 863 0738 or email us.
