Trade Finance is a term for the provision of finance in order to enable goods to be purchased in order to satisfy an order. It is provided by the financier to bridge the funding gap between purchase and sale.
Specialists in this area help companies achieve the growth that is so often in their potential but beyond the scope of traditional financiers i.e. banks. By paying your supplier direct or opening a letter of credit these specialists can fund 80% to 100% of the cost of goods plus duty and VAT. Trade finance facilities are complimentary to your existing funding arrangements and enable you to take on additional business, which would otherwise be lost.
At Strategy Consulting, we have a wide knowledge of the players in the UK trade finance market, and know who is hungry for business and who are specialists in certain industries. Our broking service puts you in direct touch with companies who may be able to assist your business.
Request your FREE appraisal as to whether your business might benefit from trade finance today!
Listen to John Courtney's podcast on business funding options which covers all aspects of raising funding for a new start or a growing business. You will find out how to go about raising business angels funding and debt funding through the small firms loan guarantee scheme plus other tools that can release working capital and improve your cash flow such as factoring and asset finance.
JOHN COURTNEY A.I.M.C., M.A.B.S., MInstD, is Chairman of Strategy Consulting Limited and has assisted many clients in getting funding.
(This podcast was recorded recently for expertsonline.tv)