Import & Export - Bridging the gap between payments
Payment Delay
Importing of goods from overseas can cause massive holes in the finances of the businesses that rely on international trade to succeed. Goods often need to be paid for from the moment they leave port, which could be many months before they are received, causing huge delays in payments that need to be carefully managed.
Exporting of goods will cause similar problems for the businesses involved, as well as the added complications resulting from the different payment terms used internationally that can lead to credit gaps that some financers are reluctant to fill.
Secure Cashflow
Invoice and Trade Finance will help fill these gaps and keep a company’s cashflow secure. They can provide funding that uses an invoice as the principal asset against which money can be raised and are supplied by lenders who understand the cashflow issues of those undertaking international trade.
However, while many lenders may appear to help with financing, only a few truly understand the issues faced and offer a specialist lending function. Going with the wrong lender could impact the amount of cash that is available, while also damage the advance rate.
Specialist Lenders
Touch Financial works with more than 20 specialist lenders who understand the issues faced by business that rely on the importing and exporting of goods and know which are the right lenders for your needs.
If you would like help in finding the right financial partners, and in understanding more about how Invoice and Trade Finance can help your business succeed, then talk to us today.
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Every month Touch Financial help businesses improve their cash flow with invoice finance. Request a quote to find out how much extra cash you could raise.
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