Export finance explained
When a product is sold, even within the UK, the payment terms can be long and very hard to manage. Add to that the time taken to ship and deliver it overseas and this time period can extend even further.
Understandably, it takes longer to get paid. Additional time and energy is also required to check buyers are creditworthy and obtain references.
Everything about the sales process is extended.
Even with careful time planning and financial management, exporting goods can place an incredible financial strain on your business. The difference between profit and loss on a transaction can depend entirely on the time it takes to get paid.
Export financing therefore becomes a key factor in the competition between exporters.
Export finance offers a way for businesses to release working capital , specifically from overseas transactions, that might otherwise remain tied up in invoices for long periods of time.
This type of trade finance is very specific, tailored to suit the financial demands of companies who export trades. It allows business to grow overseas. It also increases your trade with large foreign multinationals.
There are a lot of benefits to a business selling invoices overseas, but there can also be a lot of financial risks as well. It is important to fully understand the risks and the government regulations before selling overseas.
We can help you release funds tied up in foreign debtor invoices so that you can continue to grow.
We’ve worked with UK exporters to assist trades to a wide variety of countries, from Azarbaijan to Ghana, Guatemala to Saudi Arabia and Nigeria to Singapore.
- Funding is not dependent on your business performance
- There is no restriction on the level of export sales
- What’s important is the quality of the debtor, not necessarily the credit rating of the country
It’s quick and easy to access funds, which means you can get the cash flow you need to get on with business. With MarketFinance, you get:
- Fast funding: quick funding decisions and set-up
- Hassle free experience: easy to use digital interface
- Help in real-time: personal customer support
- Straightforward costs: no hidden fees