SME Funding | Business Finance for SMEs
Trade Finance Global aims to help small and medium enterprises access finance for trade, importing and exporting goods. It is often difficult for a relatively small business or startup to access finance; the banks won’t lend or provide overdraft facilities, even if you have confirmed orders.
Trade finance allows companies to compete on a global marketplace, fulfil orders to large multinationals and allows business owners to focus on the business or services they provide whilst the finances are sorted by a trade financier. The majority of clients use Trade Finance Global to import goods from overseas, in particular, China, Japan and Singapore.
SMEs are an engine of economic development, however finance is a key constraint to SME growth. Our global network of funders and specialist brokers means that we can help your company grow rapidly, assist with issuing Letters of Credit and Shipping Guarantees, as well as lowering the costs and risks of doing business internationally.
Most goods and services exchanged internationally between two parties can be funded through trade finance. Generally, we look for deal sizes greater that £50k, with capital or finished goods which have a shelf life of longer than 9 months (non-perishable).
Transaction sizes vary heavily, from around £50k – several million, although typical deal size is around £200k. Often, buyers or importers will want to do an initial first order, which is usually small, and then continue to do import larger goods or services with a supplier or exporter.
Most creditworthy limited companies can benefit from trade finance. SMEs often struggle to fund initial orders as it burdens cashflow and often suppliers demand payment upfront. Providing your business can demonstrate worthy end customers or confirmed purchase orders, trade financiers can fund the entire transaction and take on all of the risks involved.
This depends on the business need and facility chosen.
We look for businesses that are registered with Companies House, have at least two years of accounts, and has a turnover of at least £500k.
You would need to provide us with details of your accounts, financial forecasts/ business plans, transaction details and director details.