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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 Dealer and Car Finance (SIC 45112)
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 startedBenefits
- No security or personal guarantee required
- Car dealership finance available even if the banks refuse finance
- Our partners find you solutions to increase trade
- Fast turnaround – get vehicle finance in 24 hours
Content
What is Motor Dealer and Car Finance?
Our dedicated team is very experienced in the industry and we have been assisting people purchase cars and other vehicles for a long time. We help to do this by assisting in creating easy, convenient and a quick finance solution through our dealers. We can assist in finding financing products for a range of vehicles such as car finance, hire purchase products and motor loans.
Motor Dealer and Car Finance
We have a detailed understanding of the vehicles that are financed in the industry and how this is done. We want to help in creating bespoke funding solutions that meet the specific needs of the industry, whether you are a large dealership operator or a sole trader.
Products Financed
Key products include:
- New and used cars
- Vans
- Lorries
- Trucks
- Bicycles
- Motorcycles
- Boats
- Tractors
- Taxis
- Jeeps
Trade Finance Requirements
- You want to import or export stock and have suppliers/ buyers
- Your business is looking for trade finance
- 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 Trade Finance for Electronic Data?
SIC Code
45112
Sale of used cars and light motor vehicles
Other SIC Codes that could also be used are:
- 45111 Sale of new cars and light motor vehicles
- 45190 Sale of other motor vehicles
Case Study
Car Dealership
A sole trader based in Newcastle that sells vehicles to customers in the UK. The client wanted to offer financing to customers who did not have the available credit to purchase vehicles. Trade Finance Global assisted with creating a finance solution for clients and will help in providing further support as the business expands.
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