Trade Finance
Supplier financing for UK and overseas traders
- Funding facility for supplier payments
- Support for importers and exporters
- Fast, stress-free funding in 24 hours
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Supplier financing for UK and overseas traders
Quick Decision with No Obligation
SME trade finance enables UK businesses to receive financing from lenders, banks and financial institutions helping you bridge the cash-flow gap between purchasing goods both domestically and internationally and getting paid by your customers.
Whether your trade deals are domestic UK or international, the exporter requires the importer to pay for the goods before they are shipped. This can leave businesses in a risky situation financially. With our trade finance product, the financial risk is eliminated - the product acts on your behalf and provides the funding required to import your goods.
Get the goods you need without damaging your cash flow. Trade finance caters for many international countries and can pay suppliers in over 60 currencies.
As soon as the goods are shipped, your suppliers will be paid on the same day.
By receiving your payments effectively early, you are then able to negotiate better contract terms and pricing with overseas suppliers.
Payments for transport logistics, import VAT and import duty is paid for on your behalf.
In addition to trade finance, you can also add invoice finance so that cash can be released from your customer invoices.
If you make payments in other currencies, a foreign exchange service can be integrated to help pay for overseas goods.
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Some of the funders we work with
Trade finance simply lets your business purchase domestic or overseas goods without hurting your cash flow. It helps bridge the gap between importing these goods from suppliers and getting paid by your customers.
When you place an order from your supplier, the finance provider will guarantee payment to the supplier with a letter of credit or a supplier undertaking.
Once the finance provider receives the confirmation documentation that the goods have been shipped from the supplier, the payment will be sent to them on the same day, and in their preferred currency.
The goods arrive at your location. Once the goods have been sold, you simply repay the finance provider back. Alternatively, you can use your invoice finance facility to pay this without waiting to get paid from your customers.
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To be eligible, your business must be based in the UK and trade in goods, services or commodities with other businesses domestically, or overseas. This facility will suit most industry sectors including wholesale, manufacturing and retail.
To find out if you’re eligible for trade finance, all we need from you are a few details to help us process a quote. We’ll need your funding requirements, a bit about your business, including turnover and the status of your business, and your contact details. Those few details are all that stands in the way of receiving your trade finance quote.
You are a Limited company or LLP
You have an annual turnover of £100,000 or more
Your business is based in the UK or Ireland
You buy and sell goods for resale
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The costs associated with Trade Finance differ for domestic UK goods and overseas goods, and the supplier and the buyer. There are many factors that can affect the cost including, bad debt protection, foreign exchange services and also if you’d like to run an invoice finance facility alongside it.
As with any business finance product, you should always ensure you understand the terms of the agreement thoroughly, along with any additional charges. Getting a quote from SME Invoice Finance is the quickest and easiest way to weigh up whether this is a product your business can afford
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Without trade finance, exporters could worry about the importer defaulting on their payments for the goods being shipped. And on the other side, the importer knows that the goods will arrive in time to satisfy their business needs as there are no delays and gaps from payment.
Trade finance can help your business import products from all over the world and in larger quantities than previously ordered. Because of the credit facility enabling you to pay upfront and only pay the money back once your goods are sold - this means your business can enjoy the increased availability of stock.
You don’t even have to wait until your stock has sold to pay your finance back, this is where our other funding solution, invoice finance can help you out.
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Sometimes, suppliers don’t give credit terms, which in turn, can leave you out of pocket while the goods are being transported. This is where trade finance, also known as purchase order financing, can help.
Our trade finance panel can fund the payment to your supplier directly on your behalf in the agreed currency. This has many benefits including:
Trade finance is a highly-valuable service for businesses trading internationally. Some goods are shipped from a supplier in one country to a customer in another country - bypassing the UK. We can take care of these financial logistics, easing the pressure on your business.
At SME Invoice Finance, we are helping more and more UK businesses unlock their trade vision by releasing the cash flow burden associated with tied up credit terms. By offering trade finance from a dedicated funding panel, we are powering UK businesses to trade more efficiently.
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Trade finance, in simple terms, helps reduce payment and supply risks for buyers and sellers when trading globally by introducing a third-party, such as a bank.
It essentially allows businesses to make payments to suppliers by helping bridge the cash-flow gap between purchasing goods domestically or internationally and getting paid by customers.
Invoice finance can be used alongside trade finance to smooth out your cash flow. It helps businesses repay the trade finance provider quickly without waiting to get paid by your customers.
Purchase order finance (PO finance) is a type of trade finance secured on a confirmed purchase order. It helps businesses pay their suppliers before they get paid by their customers.
A letter of credit (LC) is a document issued by a bank or alternative funder that guarantees the seller will receive payment from the buyer. It essentially improves cash flow for the buyer and eliminates the risk of non-payment for the seller.
Since 2014, we've helped many businesses, large and small, get access to the working capital they need through invoice financing.
