Telecommunications and Media (SIC 61100)

Need finance? Look no further - support for the purchase of equipment in the media and comms industry.

Trade Finance Global / Finance Products / Telecommunications and Media (SIC 61100)

What is Telecommunications and Media Finance?

Trade Finance Global has extensive expertise in telecommunications and media finance and our customers can be confident that we are well positioned at the heart of the industry.

Telecommunications and Media Finance

Our specialists have an in-depth knowledge of the telecommunications and media market and we are able to offer flexible finance arrangements for all types of telecommunications and media companies. Our diverse client base includes public and private companies involved in fixed wireline and wireless telecommunications, cable, broadcasting, printing, entertainment, and technology (software, hardware and IT services). By treating every financial request as unique, our aim is to identify and meet all your finance requirements.

Telecommunications and Media products we fund

Key products we finance include:

  • Phones
  • Desktop computers
  • Laptop computers
  • Videophones
  • Videoconferencing facilities
  • Webcams
  • Software packages
  • Cable
Trade Finance Requirementsv
  •  Your business is looking for £50k+ trade finance
  • You want to import or export stock and have suppliers/ buyers
  • Your business is creditworthy
How the transaction works

When a business wants to trade internationally, the exporter would typically want to be paid up front by the importer. The bank would issue a Letter of Credit, which guarantees this payment to the exporter upon receipt of documentary proof that the goods have been shipped. This is then repaid once the importer has paid for the goods, which could be anything between 30-180 days later.

What is the SIC Code for Telecommunications and Media?

The SIC Code for is 61100 (Wired telecommunications activities)

Other SIC Codes that could also be used are:

  • 46520 Wholesale of electronic and telecommunications equipment and parts
  • 47429 Retail sale of telecommunications equipment other than mobile telephones
  • 61200 Wireless telecommunications activities
  • 61300 Satellite telecommunications activities
  • 61900 Other telecommunications activities
  • 77291 Renting and leasing of media entertainment equipment

telecommunications, media, trade finance, import/ export finance, raw materials finance, letter of credit, technology, entertainment, cable finance

Case Study

Infrastructure Cable Provider, York

The company is the second largest provider of cable in the UK. It provides telecommunications to universities and large corporates on a reactive basis, but their big problem was a lack of confidence in fulfilling large contracts recently won. The company agreed an £800k facility and were able to immediately finance their imported stock from abroad at a fixed cost.

What this finance did was give the business the confidence to chase, win and deliver on big contracts, ensure the warehouse was fully stocked for incoming reactive opportunities, and fulfil customer service turnarounds of 1-3 days.


Telecommunications and Media Finance

Speak to our trade finance team

Benefits

  •  No security or personal guarantee required
  •  Telecommunications and media finance available even if the banks refuse finance
  •  Our partners find you solutions to increase trade
  •  Fast turnaround – get automotive or vehicle finance in 24 hours

What is Trade Finance?

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About the Author

Patrick Tibke is the Assistant Editor & Copywriter at Trade Finance Global (TFG).

He has previously worked as a reporter and researcher at Nielsen, S&P Global, SportBusiness Group, Jakarta Globe, and more.

Patrick holds an MA in Journalism from the University of Sheffield, a BA in South East Asian Studies from SOAS at the University of London, and a Diploma in Journalism from the UK’s National Council for the Training of Journalists (NCTJ). He is an experienced reporter with a demonstrated history of working in the financial services industry. Skilled in journalism, social media, editing and publishing. Strong media and communications professional with an MA in Journalism from The University of Sheffield.

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