- Access Finance
- Case Studies
-
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.
Get Trade Finance
Informing Today’s Market, Financing tomorrow’s Trade.
-
- Case Studies
Iron and steel (SIC 07100)
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.
Get startedContent
We offer bespoke and innovative iron and steel finance solutions to meet the needs of the sector. We aim to provide finance options for traders, construction businesses and all those that touch the iron and steel industry. We understand the difficulties that are faced, with growing macroeconomic pressures and resultant increasing margin pressure
Iron and Steel Finance
Previously we have used hire purchase, refinancing and leasing for a wide range of iron and steel. The way security is structured may vary in each matter.
We provide a high-quality service and aim to assist you in reducing your operating costs and increasing your cash flow, by financing or refinancing the raw materials used in your business.
Products we fund
Key iron and steel types include:
- Pig iron
- Cast iron
- Wrought iron
- Alloy steel
- Micro-alloy steel
- Ingot iron
- Enamelling iron
- Gray iron
- White iron
- Low carbon steel
- Malleable iron
- Chilled iron
- Compacted graphite iron
- Medium carbon steel
- abrasion-resistant iron
- alloy iron
- Ductile iron
- High carbon steel
Trade Finance Requirements
- Your business is looking for £50k+ trade finance
- You want to import or export stock and have suppliers/ buyers
- Your business is creditworthy
How the transaction works
When a business wants to 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 Iron and Steel Finance?
Other SIC Codes that could also be used are:
- 24100 Manufacture of basic iron and steel and of ferro-alloys
- 24200 Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
- 25910Manufacture of steel drums and similar containers
Case Study
Flooring Company, Leeds
The business was growing and being increasingly successful in winning bids for various house builders. They could not finance the steel that was needed and so looked for a source of flexible finance. By using trade finance it granted them the much-needed facility in order to fulfil orders and expand the business.
The finance provided allowed the business to chase, win and deliver on big contracts, ensure that their product supply was not an issue and be more responsive to both new and existing customers.
Speak to our trade finance team
Latest Insights
Explore our Product Finder