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 and ranged from £28,500 to £279,883.
After using this particular lender for the last four years, I have been able to fund 360 transactions over the period for 18 different clients. In my experience, the fact that this type of Supply Chain Finance is an uncollateralised line of credit, for up to 120 days, is one of the key advantages. It means this type of facility does not disrupt or conflict with existing secured lenders in the client company and provides an additional working capital facility, that finances trade.
It can finance stock purchases and specific order / sales transactions.
Want to hear more, please call me, Guy Stead