We were recently approached by a client who had an opportunity to expand their business but it required purchase of container loads of new product from S. America. Because this was a significant expansion of the business and they did not have guaranteed orders for all of the new stock their bank would not provide the necessary funding. It was suggested to them that we may be able to help, which indeed we could.
Once we had gone over their requirements and their financial position in detail we were able to put them in touch with a Lender who specialises in providing Trade Finance in these circumstances. The Lender was able to agree terms and provide the necessary finance to the supplier withing 2 weeks. The Lender is also prepared to fund on-going container loads assuming initial sales targets are met. (It should be noted however that their minimum funding limit is normally £100,000).