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Informing today's market
Financing tomorrow's trade
Soft Commodities Trader
Due to increased sales, a soft commodity trader required a receivables purchase facility for one of their large customers - purchased from Africa and sold to the US.
Metals Trader
Purchasing commodities from Africa, the US, and Europe and selling to Europe, a metals trader required a receivables finance facility for a book of their receivables/customers.
Energy Trading Group
An energy group, selling mainly into Europe, desired a receivables purchase facility to discount names, where they had increased sales and concentration.
Clothing company
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts.
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Informing Today’s Market, Financing tomorrow’s Trade.
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Motor Vehicle and Car Finance (SIC 29100)
Access trade, receivables and supply chain finance
We assist companies to access trade and receivables finance through our relationships with 270+ banks, funds and alternative finance houses.
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We have many years of experience in financing vehicles and have a detailed understanding of the issues facing the industry. We aim to assist in creating financing solutions that are tailored to meet the specific needs of the sector, whether you are a large-scale operator or a sole trader.
Motor Vehicle and Car Finance
Vehicle finance is available for most types of transport and our dedicated specialists will work with you to find a funding arrangement that suits your specific needs.
Types of Vehicles
Key vehicles include
- New and used cars
- Vans
- Lorries
- Trucks
- Bicycles
- Motorcycles
- Boats
- Tractors
- Taxis
- Jeeps
Vehicle Finance Requirements
- You or your business is looking for £50k+ trade finance
- You want to purchase products/ buyers
- You are creditworthy
How the transaction works
If you want to buy stock and trade internationally, the exporter would typically want to be paid up front by the importer. The bank would issue a Letter of Credit, which guarantees this payment to the exporter upon receipt of documentary proof that the goods have been shipped. This is then repaid once the importer has paid for the goods, which could be anything between 30-180 days later.
What is the SIC Code for Motor Vehicle and Car Finance ?
SIC Code
29100
Manufacture of motor vehicles
Other SIC Codes that could also be used are:
- 45111 Sale of new cars and light motor vehicles
- 45112 Sale of used cars and light motor vehicles
- 45190 Sale of other motor vehicles
- 45200 Maintenance and repair of motor vehicles
- 45310 Wholesale trade of motor vehicle parts and accessories
- 45320 Retail trade of motor vehicle parts and accessories
- 45400 Sale, maintenance and repair of motorcycles and related parts and accessories
Case Study
Car Seller
A limited company based in Lancaster that buys and sells cars from UK and European dealers. The client required payments to be made to its supplier against confirmed orders. Trade Finance Global assisted with creating an import facility and expects to support the business further as it grows.
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