Small Business Trade Finance
Small Business Trade Finance bridges the funding gap between purchasing goods and the final sale to your customer.
With considerable experience in the Trade Finance industry, and links with most of the sales ledger finance providers in the UK, Sterling Capital reserve are able to find the right facilities for our clients.
Choosing the right facility and the right factor for your business can be a daunting and time consuming task.
Small Business Trade Finance bridges the funding gap between purchasing goods and the final sale to your customer. There are effectively two types of Small Business trade finance – Purchase Finance and Letters of Credit.
Small Business Purchase Finance
This is short term funding against a confirmed customer order. It is usually available for:
- Importers / traders looking to source and supply goods within a short time period
- Finished, identifiable goods which are non perishable
- Businesses with experience in their trade
- Predominantly for goods with high gross profit margins
Advantages of this funding are:
- 100% finance (plus duty and VAT) can be provided
- The Small Business trade financier relies on the strength of the transaction for security
- It doesn’t affect existing funding lines
Small Business Letters of Credit
Letters of Credit are used to guarantee payment to the supplier in order to obtain the release of goods. They are available to importers and wholesalers that satisfy the following criteria:
- Where there is a written purchase order for the goods
- The purchaser can be underwritten, or credit insurance is available
- Finished, identifiable goods which are non perishable
- Businesses with experience in their trade
- Predominantly for goods with high gross profit margins
Advantages of this funding are:
- The forward order book can be turned into cash, rather than miss an opportunity
- 100% finance (plus duty and VAT) can be provided
- The trade financier relies on the strength of the transaction, the order and the quality of the ultimate purchaser
- The letters of credit do not affect existing funding lines
Enquire Online
Use our Online Enquiry Form on the right hand side of this page or Contact Us on 0844 4144 378 and let our professional team find you a competitive Small Business Trade Finance Deal.
© 2012 : Sterling Capital Reserve Ltd
Sterling Capital Reserve Ltd
Sterling House, 10 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG
Tel: 0115 984 9800 Fax: 0115 921 5550
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