What is Trade Finance?
Trade finance is a funding package for UK Companies which purchase and onward sell finished goods. It is designed to allow the upfront payment to your supplier for goods against a confirmed order from your customer. This is achieved by direct payment from a funder or by the issue of a Letters of Credit.
Your supplier and/or your customer can be located in the UK or overseas.
How does Trade Finance benefit my business?
There are many ways in which Trade Finance can benefit your business. If you are an importer, purchasing goods upfront to fulfill a large order can stretch cash flow, quite often when your business can least afford it. Trade Finance can assist by providing immediate funding against these orders by way of opening a letter of credit or settling the supplier invoice direct. The goods are then received, sold on and the facility repaid.
If you are an exporter, we have access to specialist funders who can provide specialist export funding to many parts of the world and can include credit control and cash collection services in the Country concerned and more importantly in the local language.
For more information on the individual Trade and Stock Finance products or indeed any of our other products and services, complete the Get A Quote, Contact Form or email firstname.lastname@example.org. Alternatively simply telephone our national rate number 0845 601 5343 or contact your local Harrisons office, details of which can be found within the Contact Us section.