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 did not have to give any security over company assets and therefore the existing funders to the company remained unchanged. This transaction was for £96,476, which included the lenders fees. The client has a £1 million facility limit, being the maximum outstanding at any one time and enjoys annual turnover of £10 million.

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