Definition of Import Export Finance:
“Import Export Finance is a type of finance that fills the funding gap between receiving goods and sending payment for importers and exporters. It is usually short-term finance provided by a third party finance company.”
Whoever you are trading with, whether that’s Hungary or Hong Kong, international commerce can throw up a host of problems, including gaps in funding between receiving goods and sending payment. Import export finance is the ideal solution to stop such a gap – it is short-term finance that can bridge any shortfall, as well as ironing out issues with currency payments and credit assessment.
Speed up your international transactions
We can offer import loans or export loans to make you more competitive in a global marketplace by ensuring that your suppliers can be paid almost instantly and often in their own currency if you are an importer, or helping you to offer better credit terms if you are an exporter. Once you have a trade facility set up, our import export finance can work on a standalone basis, or alongside other forms of trade finance such as letters of credit, supply chain finance or bank guarantees.
At Access, we have a wealth of experience at providing trade finance solutions so we know some of the frequent problems that importers and exporters face. Import export finance is aimed at smoothing out some of those issues – short term import or export loans can be provided in most currencies, making it incredibly straightforward to cement international relationships with your suppliers or buyers.
Import export finance tailored to your trading habits
We like to get to know the ins and outs of your business, its importing or exporting trade patterns, and its future projections, so we can provide a finance package that will really facilitate your growth.
As import export finance is usually secured against actual orders or invoices, we can often find a solution even if you have a less than solid trading history and are unable to show years of accounts. Although we will take your trading patterns into account, we are also interested in your future projections, so if you need help to complete overseas transactions more effectively, it’s worth talking to us to see what we can do.
Import export finance is useful short-term finance for anyone who brings goods in or sends good out of the UK. Some of the solutions we have provided include:
Import export finance for retail suppliers