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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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Textiles (SIC 13923)
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.
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- No security or personal guarantee required
- Non-pharmaceutical chemicals finance available even if the banks refuse finance
- Our partners find you solutions to increase trade
- Fast turnaround – get clothing finance in 24 hours
Content
Construction Finance
We assist in financing the purchase of textiles – whether you operate a large company or are a sole trader. These purchases place significant pressure on operators in an already tough industry suffering from reducing margins and higher base costs. We aim to create solutions for you, by offering various packages.
Textile Finance
The aim is to help in financing the purchase of raw materials and machinery in the textile industry that could assist with improving the cash flow of your business and lowering costs.
We work to offer the best textile finance to meet your needs.
Types of Textiles
Production, purchase of raw materials, machinery, sales.
Trade Finance Requirements
- Your business is looking for £50k+ trade finance
- You want to import or export textiles or raw materials and have suppliers/ buyers
- Your business is creditworthy
- Your business trades non-perishable stock
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 Personal and Household Goods Finance ?
SIC Code
13923
Manufacture of household textiles
Other SIC Codes that could also be used are:
- 13100 Preparation and spinning of textile fibres
- 13200 Weaving of textiles
- 13300 Finishing of textiles
Case Study
Yorkshire Clothing Manufacturer
Financing was needed by a family owned company which imports high value textiles, including clothing, from Asia. The company sells predominantly in the UK, France and Italy. The most difficult element facing the company’s expansion was access to capital that widely varied throughout the yearly cycle. By working with trade finance providers it has allowed the company to work with more seasonal and varied clients.
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