Our import finance and trade finance services offer you the complete package to help you develop your business profitably and with confidence. Jump start your business and gain the freedom you need to trade and take advantage of any opportunities that arise.
In really simple terms Trade Finance is when an exporter requires an importer to pay for goods that are shipped to them.
As part of the transaction, the person who is responsible for importing the goods may require documentation of exactly what goods have been shipped.
The importer’s bank may provide what is known as a letter of credit to the bank of the exporter which essentially states that they will pay for the goods. The exporters’ bank may then advance the funds to the exporter based on the strength of the export contract.
Trade finance simply fills the gap that is often left between payments for imports and the actual receipt of funds through the sale of the stock.
It can provide important cash flow at a time when it is most required. The right trade finance package can make an enormous difference to the success or failure of your business.
This practice can be used in different ways, but it is really ideal for small businesses that proving a success and growing fast.
It is important that your business has a clear credit history and established and proven good management practices.
This kind of finance allows a well-run business to access a level of growth that it couldn’t manage otherwise.
Cash can be provided up front for a wide range of businesses but is particularly good for business where the stock may still be a work in progress – eg. a range of clothes that are yet to be completed.
Need a business loan to grow your trade company? Trading is no easy business. It involves a complicated analysis of market conditions, a close monitoring of cultural and commercial situations, and a reliance on fluctuating exchange rates. So when it comes to the actual transaction, you want to make sure you’re using a service that you can rely on.
Our experts offer a range of financing solutions and they can assist you in facilitating growth in foreign markets for your business cost-effective methods of funding your cash flows and working capital technology to manage your trade finance transactions, managing your trade risk. Contact us now! And talk to our Consultants about your trade finance needs
For information on how you can obtain trade finance to help your business succeed, contact us on 1300 55 10 45.