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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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Scrap Metal (SIC 46770)
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
- Scrap metal finance available even if the banks refuse finance
- Our partners find you solutions to increase trade
- Fast turnaround – get scrap metal finance in 24 hours
Content
What is Scrap Metal Finance?
Our scrap metal finance professionals can assist with creating large savings, improved relationships and increased cash flow by using a thoughtful finance solution.
Scrap Metal Finance
Funders can structure trade finance solutions based on import loans, letters of credit and a foreign exchange line of credit. This will mean that you no longer have to rely on a suppliers’ credit facility, which reduces your already narrow margins. A tailored financing solution will allow you to pay suppliers with cash and this will usually allow savings across many transactions due to an improved relationship and also increasing the credit that they are offered.
Products financed
Key metals financed include:
How the transaction works
“When a customer wants to buy scrap metal, 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 Scrap Metal Finance?
SIC Code
46770
Wholesale of waste and scrap
Other SIC Codes that could also be used are:
- 24450 Other non-ferrous metal production
- 24530 Casting of light metals
- 24540 Casting of other non-ferrous metals
Case Study
Scrap Metal Dealer
A dealer in scrap metal based in London who sells to customers in Europe. The client wanted financing to purchase product. Trade Finance Global assisted with creating a flexible solution to help in providing further support as the business expands.
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