Trade finance is vital for many Irish businesses. Whether you’re importing goods to Ireland, or exporting across the globe, it’s important that you have the right funding partner.
Although international trade offers many growth opportunities for companies, it can also bring a world of hassles and headaches. Suddenly you’re contending with language, distance, transport and delays, not to mention regulation, currencies and cultural differences. There’s also the working capital hurdle to overcome.
If you are an Importer or an Exporter, you need a funding partner with expertise in International Trade, who can help you meet the challenges of global trading. These specialist funders can work in multiple currencies and manage issues such as cultural and language barriers.
With the wide range of Trade Finance options available, you need to evaluate which one will work best for your business.
Purchase Order Finance is a great option for any business that is looking to fund pre-sold finished goods. It is ideal if a business wins a large order and needs to pay suppliers upfront.
Supplier Finance (Stock Finance) provides a business with finance to pay suppliers for stock and raw materials. It is ideally suited to financially strong companies.
Export Finance releases up to 85% cash tied up in unpaid invoices to overseas customers. It’s a great way to maximise cash flow, and you can minimise the risk by including Bad Debt Protection.
When it comes to choosing the right funding partner, make us your first port of call. We have extensive experience working closely with lenders who specialise in Trade Finance. With our expertise and contacts, we can help you find the best Trade Finance partner, so you can concentrate on reaping the rewards of global trading.