Non-Pharmaceutical Chemicals Finance (SIC –)

Trade Finance for non-pharmaceutical chemicals to help grow your business and release working capital

Trade Finance Global / Finance Products / Non-Pharmaceutical Chemicals Finance (SIC –)

What is Non-Pharmaceutical Chemicals Finance?

We offer flexible non-pharmaceutical chemicals finance for the purchase of chemicals, plant and equipment. Purchases such as these could negatively impact on your cash flow.  However, by working with us to structure finance options you could benefit from a cash injection into your business to assist in boosting your cash flow and reduce your operating costs.

Non-Pharmaceutical Chemicals Finance

Types of Chemicals Finance

Key non-pharmaceutical chemicals include:

  • Plasticizers
  • Flame retardants
  • Dyes
  • Commodity chemicals
Trade Finance Requirements
  •  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 Non-Pharmaceutical Chemicals?

For non-pharmaceutical chemicals, there is no specific SIC code that covers all types. However, some relevant SIC codes for various non-pharmaceutical chemicals include:

  • SIC 2812: Alkalies and Chlorine
  • SIC 2813: Industrial Gases
  • SIC 2819: Industrial Inorganic Chemicals, Not Elsewhere Classified
  • SIC 2821: Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers
  • SIC 2865: Cyclic Organic Crudes and Intermediates, and Organic Dyes and Pigments
  • SIC 2869: Industrial Organic Chemicals, Not Elsewhere Classified

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Case Study

Non-Pharmaceutical Chemicals Distribution Company

A growing non-pharmaceutical chemicals distribution company in the south of England was expanding sales from universities and educational establishments to retailers. The client needed financing in order to fund this expansion and turned to trade finance in order to do so. Access to funding has allowed the company to expand and reach new markets.


Non-Pharmaceutical Chemicals Finance

Speak to our trade finance team

Benefits

  • No security or personal guarantee required
  • Non-pharmaceutical chemicals finance available even if the banks refuse to finance
  •  Our partners find you solutions to increase trade
  •  Fast turnaround – get finance in 24 hours

What is Trade Finance?

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About the Author

Mark heads up the trade finance offering at TFG where his team focuses on bringing in alternative structured finance to international trading companies. Prior to joining TFG (tradefinanceglobal.com), Mark qualified as a lawyer with a top ranked global trade and structured commodity finance team.

Mark has previously advised commodity trading firms, banks and alternative capital providers on international structured trade financings, pre-export, prepayment and limited recourse structures – notably in the oil, soft commodities and metals sectors. This has included mining finance projects, structured letter of credit facilities, receivables discounting and forfaiting agreements.

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