Trade Finance ~ International and Domestic

Do you need more Funding to Trade?
Does your business require an Unsecured, Interest-Free Line Of Credit to provide the funds you need to negotiate the best price from your suppliers?

What is it and How it Works

Traditionally most exporters had an advantage over their importers/buyers when it came to financing a purchase transaction. The exporter would request from the buyer a Letter of Credit (LC) established by the buyer’s lender or a substantial deposit 20% to 50% or other forms of security to manufacture the order.

Now, we are able to provide a Business Trade Transaction Facility that is effectively an Unsecured, Interest- Free Line of Credit (LOC) for buyers which provides the funds to negotiate the best price from your exporters or suppliers.

The Credit facility is established primarily on the focus on the ability of the business to service a loan rather than on potentially having to recover the amount through a default process as traditional lender operate, which assists the buyers purchase power at the time that goods or services are being purchased.

The Business Trade facility is designed to be a supplementary facility and does not interfere or replace any secured funding already in place with your current lender or lenders. The Business facility actually complements the security that the bank, lender or other secured lenders hold as all inventories purchased using the Business Trade facility is captured within the security held by the Bank or lender.

Online Portal automation

Once the facility has been approved the buyer accesses the online portal to place, track and monitor payments between buyer and seller.. The portal verifies your identity via an encrypted (smart chip) Trading Card supplied when you first enrol.

We arrange to set up your approved suppliers as members as well. As your supplier is assured of payment by our lender, this gives you more power to trade. When you are ready to transact, you simply log onto the portal to connect with your supplier and then place your order.

The Business Trade facility makes it easy for Buyers and Sellers to track all transaction and shipments.

If you can answer 'YES' to the following questions, you may qualify for this Business Trade facility:

• Has your business been operating for more than 2 years?

• Does your business turn over in annual sales revenue more than $2,000,000?

• Does your business prepare timely financial reporting?

• Does your business pay all tax and statutory payments on time & up to date?

• Does your business pay creditors on time?

• Does your business have $200,000 or more in tangible net worth?

If you answered 'YES' to all the above questions, congratulations, your business may be eligible for an unsecured trade facility.

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