ACCELERATE YOUR CASH FLOW WITH TRADE FINANCE

Import and export industries make significant contributions to the economy. If you’re an e-commerce business, making your products available in other countries is the break your business needs. However, trading outside your borders comes with risks.

Small export businesses suffer the most when clients take a month to process invoices. Similarly, importers face the risk of goods not being delivered at all. Since they need funds to keep the daily activities going, they look for business financing options to help them. One of which is trade finance.

WHAT IS TRADE FINANCE AND HOW DOES IT WORK?

Trade finance allows a third-party to step in and keep cash flow going. It can be a bank or other financial institution that is responsible for issuing credits, forfeiture of assets, and factoring invoices. This offers several benefits to businesses.

1. YOU AVOID FINANCIAL CONSTRAINTS

One of the key reasons to opt for trade finance is to meet operational finances and pay employee salaries with enough working capital. When you rely on your receivables alone, it may take you two months before you can recover from your expenses.

 2. IT EASES IMPORTER-EXPORTER RELATIONSHIPS

The exporter need not worry about the importer evading payment with a third-party guarantor. The importer can also be certain that goods have been shipped as requested when it is verified by a trade financier. Business transactions and flow of goods can occur seamlessly and tension-free.

3. YOU CAN CHOOSE THE RIGHT TRADE FINANCE OPTION

You can choose from a list of trade finance schemes such as a letter of credit, bank guarantee, forfaiting, and invoice factoring that suit your business and budget.

TRUST COMPARISON ADVANTAGE FOR YOUR TRADE FINANCE SOLUTION

Compare your trade finance needs against the types of financing options available and make the right decision for your business. You may also explore other solutions such as business insurance to safeguard against losses in the course of trade. Let us know what you need and we will provide you as per your request. For more information, feel free to contact us! 

Please read our terms and conditions before selecting your trade finance plan through us.