Export Finance is a great way for a business to maximise cash flow and minimise risk, if you are selling to overseas customers on credit terms. Export Finance simply releases cash tied up in unpaid invoices to your overseas customers.
The Export Finance provider will usually undertake all the credit management and collection work, taking away the hassle of working around language barriers and time zones. Bad debt protection can also be offered as an option (or may be a requirement). Importantly, the Export Finance provider will have the ability to operate in multiple currencies and may have a local presence in overseas countries.
What are the benefits?
- An instant cash boost. Export finance releases up to 85% cash against invoices within 24 hours.
- Outsource credit control. Save time and costs by using multilingual experts with local knowledge.
- Flexible. The funding grows in line with sales, so you can expand overseas business with confidence.
- Better cashflow management. With an improved cash flow, you can focus on running your business.
How much does Export Finance cost?
The cost varies, depending on what product you choose, and whether Bad Debt Protection and credit control services are required. When you call us, we can explain all your options to you and advise you of the costs involved.
What’s the next step?
When it comes to finding a funding partner for exporting, it’s important that you get it right. You need a lender with expertise in International Trade, as well as an appetite to fully fund export debt. At Clancy Business Finance, we have extensive experience working closely with specialist Export Funders. We’ll assess your funding requirements and identify the most suitable funding solution and lender to meet your exact needs. We’ll put your funding application together and introduce you to suitable funders. We’ll guide you through the entire process, to ensure that you get the perfect funding solution to meet your exact export finance needs.