But can you afford to take a chance that a new customer will pay – and will pay promptly?

Trade Finance could provide the solution, by ensuring that you will receive the funds you need - whether you are dealing with UK or overseas businesses.

Trade Finance covers a range of solutions to bridge the cash flow gap between paying suppliers and receiving payment from customers. Instead of needing you to fund your sale - which can mean a serious drain on your working capital - Trade Finance will pay your suppliers for the goods you buy until you make the sale.

Fulfil big orders to grow your business

If you need to fund sales yourself, you can often be faced with an order that is simply too large for your business to fund. Trade Finance can provide all the funds you need, whatever the size of your commitment. You can have the funds you need to complete the deal and pay local and overseas suppliers. You simply pay back the lender when your sale is completed.

If you have a single, large deal to finance, or multiple smaller arrangements to fund, Trade Finance can help. It can provide working capital to support your entire trade cycle, from initial order to customer payment, enabling your business, not just to fulfil existing orders, but to forge new relationships with customers and suppliers around the world.

How does it work?

Often businesses wish to buy goods from suppliers for resale but don’t have sufficient working capital or supplier credit terms to do so. Trade Finance allows businesses to buy, receive and sell goods before payment is made.

Once you have a Trade Finance arrangement in place, it can provide the funds you need, based on your orders and contracts.

It helps by guaranteeing payment to suppliers before goods are in transit and making payment when items are dispatched. It is particularly important if you are doing business overseas, when long transport times can mean costly delays in delivery and in receiving payments.

Suppliers can be paid on the same day goods are shipped, and funding is available until you receive end-customer payment.

Avoid the risk

Trade Finance can even be arranged to transfer the risks of delayed, or disputed payments, or even non-payments from you and your business to the lender.

It means you can afford to take a risk with a new supplier or customer. It means you can grow your business, and develop relationships with suppliers due to payment guarantees. It can also help you negotiate early payment discounts with suppliers.

Supporting international deals

Overseas suppliers can be paid in their currency of choice, making your business more attractive to them. They can also be paid quickly, helping make it easier for them to accept orders and easier for you to negotiate early payment discounts.

Trade Finance can also provide ongoing funding for you, until the final customer payment is received, supporting the end-to-end transaction process.

Financial solutions from Rangewell

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

At Rangewell, we can use our Trade Finance expertise to support your business – and ensure that you have the financial solutions you need. We can help find the most appropriate lenders for the funds you need, who can provide expertise and support, and local knowledge of overseas markets. We can also help with other solutions such as Purchase Order Finance.

If you are ready to take your business further, we can help.