"We secured a large order from a client but the supplier of the goods wanted the cash before they’d release the consignment. Ultimate Trade Finance enabled us to pay up front and fund the transaction while the goods were in transit and while we were waiting for our invoice to be settled after delivery – they saved the deal."
WHAT IS TRADE FINANCE?
It’s a means of buying goods, either in the UK or abroad, when the supplier won’t offer you terms. Ultimate Trade Finance specialises in this kind of transaction, and offers two options:
Purchase Finance. This works as a revolving credit line – we make payment to your suppliers for goods ordered, then provide you with up to 90 days credit while the goods are in transit and whilst you are waiting for your invoice to be settled.
Supply Chain Finance. If you have an Invoice Finance facility with us, and confirmed orders for these goods that have been approved under that arrangement, we can finance all aspects of the supply chain process - everything from product purchase through to final collection of monies as well as timely and efficient sales ledger management.
With either option we can, if you want, also pay the import duty, import VAT and freight charges.
how it works...
WE PAY THE SUPPLIER
You don’t have to find the money to bridge the gap between purchasing the goods from your supplier and getting paid, weeks or months later, by your customer.
YOU SEND YOUR INVOICE
Once the goods are delivered you invoice your customer.
YOUR INVOICE IS SETTLED
When your customer pays your invoice you repay us, including our fees.
benefits of TRADE FINANCE
- It enables you to complete lucrative deals that would otherwise be beyond your reach.
- Enables you to negotiate better terms which can often be worth more than our fees.
- We can pay the import duty, import VAT and freight charges.
- Can be combined with an integrated supply chain finance solution so we take care of everything.