Trade Finance
You want the funding to fulfill a confirmed order or an individual sale, to a creditworthy customer.
We understand how frustrating it can be when your working capital is locked away in your business. You can find yourself in a catch-22 situation. You have a big order, but the funds you need to fulfil it are tied up. And you can't access those funds until the order is delivered. So you are forced to watch crucial deals disappear. It’s a situation you need never experience again with our Trade Finance service.
Trade Finance - How Does It Work?
We can advance up to 80% of the confirmed order value, to pay your supplier.
We pay your supplier or open a letter of credit.
You deliver the goods and we invoice your customer once goods have been delivered to and accepted by them.
We charge you between 2% and 4% of invoice values.
Any monies available up to 80% of the sales invoice value, less the amounts paid to your suppliers, less our fees can be used.
With our Trade Finance service we collect the money from your customer and pay you the balance between the order value and the amount paid to your supplier, minus our fees and cost of money used, once payment has been received by us.
Purchase Facility Linked to a Bibby Factoring Facility
You have a confirmed order from a creditworthy customer but lack the cash to fulfil it.
How Does It Work?
With our Trade Finance service you place an order for the finished goods with your supplier.
We pay your supplier or open a letter of credit.
You deliver the goods and invoice your customer.
You then send a copy of the invoice to the Factor who repays Bibby Financial Services from your availability.
The Factor collects payments from your customers and pays you the balance less their fees once your customers have paid.
Trade Finance - How Much Does It Cost?
We charge an administration fee of between 2% and 3% of the order value to your supplier, and a fee for the cost of money used.
What Next?
If you would like to speak with one of our Trade Finance specialists simply complete our contact form. Alternatively you can call us FREE on 0800 91 95 92, email us at marketing@bibbyfinancialservices.com or request a call back.
