Menu
02921 303 888 / 01172 033 200

If you are a business that imports then trade finance may be of real benefit to you. Often you will have to wait several weeks/months for your product to be manufacture and transported to the UK from its original destination. This will often mean you have working capital tied up for a set period before you can realise it. Also, if this is a new supplier often credit terms, if any, are less favourable meaning you have to commit to a larger deposit to establish the relationship which may reduce the amount of product you can purchase and eroding your economies of scale. Trade finance seeks to address some to the working capital pressures by financing the stock whilst it is being produced and transported. There are also. There are also other financial instruments which can mean that little or no money is needed to begin the transaction. Speak to one of our team to discuss your specific requirements and we will guide you accordingly.

Rates and Fees

Rates

Interest rates for Trade Finance differ greatly depending on the type of solution that works best for you. Interest rates start from 0.25% per month

We will always communicate with you regarding the likely cost of borrowing and we will always provide, in writing, a breakdown once we have received borrowing terms.

You can elect for the interest to be rolled in to the loan in some instances.

Fees

Typically, Trade Finance is subject to the following fees;

Lender arrangement fee

This is a fee the lender charges for arranging the facility. This is not always chargeable but will be dependent on the proposal.

Legal fees

If security is required then solicitors will be required a facility to charge documentation. Often personal guarantees are required and you may need to seek independent legal advice before signing the guarantees.

Broker fees

As the broker in the transaction we will apply. We charge 1% of the loan amount. Where this is the first time we have acted for you we will apply an appraisal fee of £495, which is non-refundable and payable upon agreeing to our terms and conditions

We are very transparent about our fees and will always detail these in any written quote for funding

To discuss our fees in more detail, please contact one of our mortgage brokers. We are very transparent about our fees and remuneration and will include these in any quotes that are provided.

How to Apply

As a whole of market broker, we understand how best to present your proposal to the lender and which lender would be most favourable for your circumstances.

Fact Find

We will always engage with you to fully understand you lending requirements. This will often involve understanding your wider business and commitments. Once we have an understanding of the proposal we will give you a steer on the likely appetite for your application.

What information do you need to provide?

As with all lending application we need to gather information to present to the lender. Here’s a general list of the information that will be required;

  1. Proof of identity, address (this can be done quickly and effectively via our mobile onboarding app)
  2. Financial accounts
  3. An understanding of your trade cycle
  4. Cash flows (if available)
  5. Understanding of business plans
  6. Assets and Liabilities details

We will also identify any other relevant information required when we discuss your requirements at the fact find stage.

What next?

Call us on 02921 303 888 to speak with one of our team. Not convenient now? Complete our contact form and we’ll get back to you when it is.