Trade finance is a form of working capital finance. It is formed to give you the cash you need for inventory or stock. Helping you to close the payment gap at the start of your sales cycle – this facility allows you to lend against both domestic and international goods.
Simply put, if you have a purchase order from a customer, this facility allows you to buy the inventory you need to fulfil that order. This means, the goods can be shipped immediately and you will have the cash flow whilst waiting for payment from your customer. If you are importing and exporting, or have customers abroad or in the UK, trade finance can help.
Benefits of Trade Finance