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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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Non-Pharmaceutical Chemicals Finance (SIC –)
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 directors guarantee required
- Supply chain finance available even if the banks refuse finance
- Our partners find you solutions to increase trade
- Fast turnaround – get construction finance in less than 24 hours
Content
Construction Finance
We offer flexible non-pharmaceutical chemicals finance for the purchase of chemicals, plant and equipment. Purchases such as these could negatively impact on your cash flow. However, by working with us to structure finance options you could benefit from a cash injection into your business to assist in boosting your cash flow and reduce your operating costs.
Non-Pharmaceutical Chemicals Finance
Types of Chemicals Finance
Key non-pharmaceutical chemicals include:
- Plasticizers
- Flame retardants
- Dyes
- Commodity chemicals
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 Non-Pharmaceutical Chemicals?
For non-pharmaceutical chemicals, there is no specific SIC code that covers all types. However, some relevant SIC codes for various non-pharmaceutical chemicals include:
- SIC 2812: Alkalies and Chlorine
- SIC 2813: Industrial Gases
- SIC 2819: Industrial Inorganic Chemicals, Not Elsewhere Classified
- SIC 2821: Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers
- SIC 2865: Cyclic Organic Crudes and Intermediates, and Organic Dyes and Pigments
- SIC 2869: Industrial Organic Chemicals, Not Elsewhere Classified
Case Study
Non-Pharmaceutical Chemicals Distribution Company
A growing non-pharmaceutical chemicals distribution company in the south of England was expanding sales from universities and educational establishments to retailers. The client needed financing in order to fund this expansion and turned to trade finance in order to do so. Access to funding has allowed the company to expand and reach new markets.
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