Ecommerce and Online Retail (SIC 47910) | Trade Finance Global

    • Themes
      • Trade

        Do you want to know how access to trade finance can increase your cross-border imports and exports? Explore our Trade Finance hub for practical tools.

        Treasury

        Are you a treasury or operations manager looking to mitigate the risks and efficiently manage your business’ cash flow? If so, check out our Treasury Management hub.

        Payments

        Whether you want updates from infrastructure support to cross-border transactions or clearing house operations to processing techniques, you can find all on our Payments hub.

        Letters of Credit

        Ready to to increase your imports / exports to guarantee the payment and delivery of goods? Find out more about LCs here.

        Shipping & Logistics

        Whether you’re transporting goods, or learning about supply chains, warehousing, transportation and packaging, we’ve got you covered.

        Incoterms

        Need to know which International Commerce Term is right for your needs? Explore our curated guides from shipping expert Bob Ronai.

        Sustainability

        Prioritising sustainable supply chains? Building inclusive trade? Working towards the UN’s 2030 SDGs? Read the latest on global sustainable standards vs green-washing here.

        Customs

        Heading into international markets? From the correct documentation to standardisation, here’s what you need to know for a streamlined customs clearance process.

        TradeTech

        TradeTech is rapidly evolving to help reduce some of the biggest challenges when it comes to trade. Keep up with these innovations here.

    •  

       

    • News & Insights
      • News

        The latest in Trade, Treasury & Payments - stay up to date on all the changes across the globe.

        Magazines

        The issues feature experts across the industry on the latest developments with specific themed and regional editions.

        Articles

        Insights by the industry, for the industry. These include thought leadership pieces, interview write ups and Q&As.

        Guides

        Working closely with industry experts and trade practitioners we provide inclusive educational guides to improve your technical knowledge and expertise in global trade.

        Research & Data

        We undertake qualitative and quantitative research across various verticals in trade, as well as create reports with industry association partners to provide in-depth analysis.

        Trade Finance Talks

        Subscribe to our market-leading updates on trade, treasury & payments. Join the TFG community of 160k+ monthly readers for unrivalled access in your inbox.

    • Media
      • Podcasts

        Welcome to Trade Finance Talks! On our series we hear from global experts in trade, treasury & payments.

        Shorts

        Enjoy our bite-sized video content for insights on-the-go with our short VoxPop & summary series.

        Webinars

        Experience the true nature of the TFG community through panel discussions on the latest developments - engage with questions.

        Videos

        Join us as we interview leaders in international trade, treasury, payments and more! Watch and learn.

    • Events
      • Partner Conferences

        We partner with industry conferences around the world to ensure that you don’t miss out on any event; in person or online, add to your calendar now.

        Women in Trade, Treasury & Payments

        Get involved in our most important campaign of the year, celebrating the achievements of women in our industry and promoting gender equity and equality.

        Awards

        Our excellence awards in trade, treasury, and payments are like no other. You can't sponsor them, and they're independently judged. They are the most sought-after industry accolades.

        Online Events

        Join our virtual webinars and community events. Catch up on-demand, right here on TFG.

    • Editions
    • Finance Products
      • Trade Finance

        Trade finance is a tool that can be used to unlock capital from a company’s existing stock, receivables, or purchase orders. Explore our hub for more.

        Invoice Finance

        A common form of business finance where funds are advanced against unpaid invoices prior to customer payment

        Supply Chain Finance

        Also known as SCF, this is a cash flow solution which helps businesses free up working capital trapped in global supply chains.

        Bills of Lading

        BoL, BL or B/L, is a legal document that provides multiple functions to make shipping more secure.

        Letters of Credit

        A payment instrument where the issuing bank guarantees payment to the seller on behalf of the buyer, provided the seller meets the specified terms and conditions.

        Stock Finance

        The release of working capital from stock, through lenders purchasing stock from a seller on behalf of the buyer.

        Factoring

        This allows a business to grow and unlock cash that is tied up in future income

        Receivables Finance

        A tool that businesses can use to free up working capital which is tied up in unpaid invoices.

        Purchase Order Finance

        This is commonly used for trading businesses that buy and sell; having suppliers and end buyers

    •  

       

    • Sectors
    • 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.

    • Get Trade Finance
  • About Us
  • Talk To Us

ECommerce Finance (SIC 47910)

Last updated on 10 Aug 2024
11 Sep 2014 . 2 min read
Deepesh Patel Deepesh Patel is Editorial Director at Trade Finance Global (TFG) and host of Trade Finance Talks.

Trade Finance without Barriers

Informing Today’s Market, Financing tomorrow’s Trade.

Get Trade Finance

Want to learn more?

Download our free Trade Finance Guides

Download

Content

    Our team can work with you to provide a financing solution for your ecommerce business and thus assist in improving your cash flow; this will allow you to foster better relationships with those in your distribution channel. By having a tailored finance solution, it will allow you to sort out the seasonal fluctuations in your business and help in reducing the associated risks. The inventory financing solutions we assist to create will enable you to focus on the sales and growth of your company.

    E-commerce Finance

    We can assist with the financing of products sold on your e-commerce platform at any point in the process, from manufacture through to end sale. This flexible financing will assist with taking into account the difficulties and market dynamics in your sector. We understand the pressures that drive your distribution channel and can work with you to raise finance in various ways; against current stock or orders.

    Finding the right funder will allow you to locate the product, in the right quantities, and this will assist in meeting client demands.

    Our funding specialists will assist you to overcome regulatory difficulties that will be faced when distributing your product across multinational borders.

    Products financed

    Key e-commerce products financed include:

    • Toys
    • Cosmetics
    • Computers
    • TVs
    • Clothes
    • Furniture
    • House wear

    E-Commerce Finance Requirements

    •  Your business is looking for £50k+ trade finance
    • You want to purchase stock or release finance from products and have customers/buyers
    •  Your business is creditworthy

    How the transaction works

    Usually, when a customer wants to buy or release finance from stock, we will assist in creating a tailor-made financing solution at the best rate that is based on your individual circumstances. This is then repaid over time.

    What is the SIC Code for E-Commerce?

    SIC Code

    47910

    Retail sale via mail order houses or via Internet

    Other SIC Codes that could also be used are:

    • 46110 Agents selling agricultural raw materials, livestock, textile raw materials and semi-finished goods
    • 46120 Agents involved in the sale of fuels, ores, metals and industrial chemicals
    • 46130 Agents involved in the sale of timber and building materials
    • 46140 Agents involved in the sale of machinery, industrial equipment, ships and aircraft
    • 46150 Agents involved in the sale of furniture, household goods, hardware and ironmongery
    • 46160 Agents involved in the sale of textiles, clothing, fur, footwear and leather goods
    • 46170 Agents involved in the sale of food, beverages and tobacco
    • 46180 Agents specialized in the sale of other particular products
    • 46190 Agents involved in the sale of a variety of goods
    • 46410 Wholesale of textiles
    • 46420 Wholesale of clothing and footwear
    • 46431 Wholesale of audio tapes, records, CDs and video tapes and the equipment on which these are played
    • 46439 Wholesale of radio, television goods & electrical household appliances (other than records, tapes, CD’s & video tapes and the equipment used for playing them)
    • 46440 Wholesale of china and glassware and cleaning materials
    • 46450 Wholesale of perfume and cosmetics
    • 46460 Wholesale of pharmaceutical goods
    • 46470 Wholesale of furniture, carpets and lighting equipment
    • 46480 Wholesale of watches and jewellery
    • 46491 Wholesale of musical instruments
    • 46499 Wholesale of household goods (other than musical instruments) n.e.c. 

    Case Study

     

    Clothing Company, E-Commerce Finance

    An e-commerce company based in Lancaster that sells clothes online to customers in the UK and Europe. The client wanted to release finance secured against stock with orders. Trade Finance Global assisted with creating a finance solution for clients and will help in providing further support as the business expands.

    Explore our Product Finder

    Back to Top