Trade Finance offers you the ability to finance all aspects of importing and exporting finished goods and provides you with upfront funding against confirmed orders enabling you meet your supplier’s payment terms or help fund a large order. Trade Finance can also fund the freight and tax incurred by importing goods from overseas and usually involves your lender raising a Letter of Credit to your supplier and then financing the goods in transit. The lender normally retains full control of the goods until your customer has received the final goods and the money has been collected and repaid to the lender as per the terms of your agreement.
Trade finance can be used where your supplier requires either upfront payment or payment before the goods are shipped and is a cost-effective way of funding large orders that involve you importing goods from abroad. Invoice Finance is often used in conjunction with trade or purchase order finance to complete the lending cycle.
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