Solution

Trade, Import & Stock Finance

UK Trade finance is the ideal solution if you accept firm orders from creditworthy customers but need cash to purchase the goods from your overseas supplier, before your client pays you. Benefit from UK trade finance with cash flow relief and keep your UK customers happy.

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What is it

Our UK trade finance solution is designed to help you pay your suppliers before your customers pay you if you don’t have readily available cash.

Working Capital Partners will pay your suppliers before you get paid by your customers. Goods can be shipped to a warehouse or directly to your customer. This allows you to raise an invoice which you then discount through a connected facility to settle the purchase order finance

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How it works

The UK trade finance process is simple. You have business clients that you invoice on agreed payment terms which could be from 30 to 90 days, but you need the cash now in order to keep your business running.

Some factoring companies lock you into a long-term contract for all of your invoices with a minimum monthly utilisation. Then they charge fees for everything from admin to late payment penalties. With our UK trade finance solution, we have simplified it.

  • You receive an order from your customer.

  • You identify a suitable supplier(s).

  • You notify us that you wish to use your purchase order finance facility so that we can approve your supplier for payment.

  • You place the necessary orders consigning the goods to us and send us your deposit.

  • Depending on the agreed terms, we pay the supplier in full for the goods.

  • The goods are shipped to the customer, a suitable warehouse or a manufacturing facility where they are processed.

  • As soon as the finished order is delivered to the end customer, you raise the invoice which is assigned to us.

  • We factor the invoice using some of the proceeds to settle the purchase order advance.

  • Depending on your margin and the terms we have agreed we may at that point make an interim advance to you usually the refund of your deposit.

  • When your customer settles his invoice, we deduct our fees and rebate the remainder to you.

Our Fees

The fee for UK trade finance is shown as a percentage of the invoice total, but it’s calculated using a couple of factors:

  • the amount paid to the Supplier,
  • the number of days from draw down until your client settles.

Top Tip

Make sure your goods are inspected by an independent agent before shipping.

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