In the last few weeks, we have seen another four trade finance transactions complete for clients, using a Purchase Line of Credit. This simple solution has provided the UK client with credit to purchase goods and take up to 120 days to repay the lender for the purchase. In total these four transactions amounted to £535,451 […]
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News, Trade Finance, Uncategorised
Trade Finance / Purchase Line of Credit / Import Finance COMPLETES
15
Mar
Mar
After placing their order and having goods shipped back in November 2015, the 120 day credit cycle expired today for this client, importing cosmetics from factories in China. This form of finance is perfect for an importer, because does not need to be finished goods and does not need to be pre-sold. Better still the client company […]
10
Mar
Mar
Another two transactions have just completed for one client, this month. For amounts of US$15,293 and US$32,055, where our lender provides a line of credit to pay suppliers. Both US$ payments were made in November 2015, to the same supplier in Hong Kong with 120 days credit to the UK Buyer. Now that the payment […]
01
Mar
Mar
We have just seen another transaction complete, this time for £73,343. The purchase of goods was made by our client last October 2015, where the lender made the payment, to the supplier, on their behalf with a promise to pay, plus fees, 120 days later. It means the supplier gets paid immediately and ensures the best […]
22
Feb
Feb
A new client has calculated their average monthly saving will be £800 after switching to our FX online preferred supplier. Simple and effective online currency at rates that will beat most others, particularly the banks. Ask for more details via www.steadways.co.uk
18
Feb
Feb
Another trade finance transaction completed today, for US$14,000 for Fashion Accessories from China. The payment was made by lender, who paid the supplier 120 days ago and now the repayment has fallen due from the client / importer. Client pays today, which refreshes their credit for re-use. Simple and effective trade finance, without collateral or security from the […]