Give me the facts
|ELIGIBILITY||Any UK registered or domiciled business. Must be alongside an Ultimate Invoice Finance facility.|
|AMOUNT||£25,000 - £1m|
|DURATION||Revolving line of credit|
|INTEREST RATE||Competitively priced|
|FEES||Set up and service fees apply|
|APPLICATION PROCESS||Online enquiry and meeting|
|SECURITY REQUIRED||Title to the goods, personal guarantee and debenture|
|SPEED OF DECISION||Within 2 working days|
|TIMING OF CASH||Funding within 1 week|
|REPAYMENT||Once goods are delivered to the customer and invoiced through an Ultimate Invoice Finance facility, or when the customer pays.|
|PERSONAL SERVICE||Dedicated expert trade team|
|BEST FOR...||Making purchases when supplier credit isn't available|
How it works
Your questions answered
Trade Finance allows you to pay your suppliers and gain 120 day’s credit to receive the goods and invoice your customers.
Trade Finance is beneficial for any business that buys or sells goods because it bridges the gap between purchasing the goods from your supplier and getting paid by your customer. Seasonal business or businesses that receive large one-off orders also benefit greatly from Trade Finance.
Trade Finance is repaid as the goods are sold. The quicker you sell the goods, the quicker and more cost effective your repayments will be. To find out more, please get in touch and one of our advisors will be happy to help.
Suppliers love being paid quickly and with Trade Finance you may be able to access the prompt payment discounts that they often make available. These discounts could even add up to more than the fees we charge, meaning that you could actually save money. Also, Trade Finance allows many businesses to take on much bigger orders than they would normally be able to service using their own working capital.