Export Finance: Take your business further.

Your business could join them. If you have customers for your product or service at home, there are likely to be many more customers for it overseas. New markets and additional profits could be waiting for you, and international business is not just for the multinationals - it’s for everyone. Selling overseas can feel like a big step – but it’s really no different to the selling you do now.

The challenges

The first challenge is, of course, to find your customers overseas. This is simpler now that the internet can showcase your business and products in every market. You can also use trade shows and government services such as those available through the Department for Business, Energy & Industrial Strategy to make initial contacts.

Once you have a basic export system in place, you need to look at the financial side of exporting.

Managing your cash flow is crucial. Goods take longer to deliver, adding an extra delay before you get paid. Some overseas territories can mean delays in shipping and extended payment terms of 180 days or more creating a cashflow problem for you. It's important to check that you can afford to tie up working capital in exports. You also need to assess the creditworthiness of your customers.  If they are on the other side of the world,  taking legal action to recover unpaid debts might be expensive or even impossible. It's vital to have safeguards in place that can ensure you will get paid, even if your customers turn out to be less than honest.

How Export Finance provides a solution

Export Finance can help your business overcome these challenges, ensuring you will get paid, and get paid fast, with upfront payment against overseas buyers invoices as you issue them. You can avoid worries about exchange rates, international payments and keeping up your working capital.

It can include insurance protection against bad debt, and failure from customers to pay for your goods, removing a key risk to your business.

What’s more, it can ensure your cash flow keeps pace with your growing business, because as soon as your customer receives your shipment, you can be paid for it.

Export Finance is a funding solution that releases the value of outstanding invoices and helps your business overcome the complexities of selling goods or services overseas.  

It can even provide you with access to experts in local markets who will offer help with language, credit control and legal issues.

It means exporting – and building your business - can be worry-free.

The benefits of Export Finance

• 100% funding available for overseas sales
• International credit control and payment collection support
• Access to a team of export specialists providing language, currency, time zone and legal support
• Upfront funding improving cashflow – whatever the scale of your business
• Support for overcoming the complexities of selling overseas and payment collection
• Integrated foreign exchange, helping protect you against currency volatility
• Can help you trade with large corporates with slow payments
• Entirely independent of existing loans and finance arrangements – need not appear on your balance sheet.

Working Capital Finance – supporting your export business

When the whole world is your market, growing your business is the natural next step. But growing your business demands funds, whether to extend your operation and take on staff, or simply to buy in stocks and supplies for your expanding production process.

Working Capital Finance can provide a versatile solution to your need to fund growth, by providing the funding you need as you need it.

How it works

Working Capital Finance works in a similar way to bank overdrafts, although it is provided by an independent lender. It brings a line of credit, with an agreed limit that you can call on if and when you need it. You only pay for the money you take out, so it can be a cost-effective way to raise funds if you need them.

You apply for a line of credit based on your individual business needs. The lender may need suitable guarantors, and some financial information, including a cashflow forecast.

Once a sum has been agreed, you can dip into it as you need. You only pay for the funds you actually draw down, and for the time you have them, and you can repay as soon as you have cash available.

• Flexible credit for your business
• Borrow when you need it, repay when you don't
• Fast approval – funds available quickly
• Online update of how much credit you have used and what you are paying
• Only pay for the funding you need

Financial solutions from Rangewell

If you are starting out in the global markets, it’s good to have expert help.

At Rangewell, we can use our finance expertise to support your business with export finance, Trade Finance or Invoice Finance solutions, including factoring, discounting and whole ledger finance – and ensure that you have the solutions you need. We can help source business lenders who can offer funds to help you send goods and services abroad, manage unpaid invoices and boost financial security when forming agreements with overseas businesses. Alternatively, if you are in an industry related to exporting we can help too, including sectors such as finding funding for freight services and trade and export consultants.