Export Finance
What is export finance?
Exporting activity often places a strain on exporters’ cash flow reserves, limiting the amount of working capital available to fund new orders and to ultimately grow the business. Export finance overcomes these demands, allowing your business to trade without damaging your cash flow.
What are the benefits of export finance?
- Each export finance solution can be tailored to meet a business’ individual funding needs.
- While export factoring advances funding against your invoices within 24 hours of their issue, pre-shipment and post-shipment finance will help to fund exporting activity before you receive payment.
- Funding can be advanced in the favoured currency to mitigate any fluctuations in exchange rates.
- Funders will have a strong knowledge of the overseas countries in which you operate.
Which export finance solution best suits my business?
There are a number of export finance options available to help facilitate your exporting activity, while each one can be tailored to meet your business’ specific funding requirements.
- Export Factoring
As with factoring, export factoring advances up to 90% of an invoice’s value within 24 hours providing capital to invest on fulfilling other business opportunities.
In addition to export factoring, pre-shipment finance releases funding to accommodate the transit of goods before the exporter receives payment by providing up to 50% of the order value, whilst post-shipment finance releases funding upon shipment of goods, bridging the gap in the interim whilst awaiting payment.
Hilton-Baird Financial Solutions recognises that every business is different, and we can assess your business’ individual needs before introducing the export finance solution that will suit your business’ finances.
Call us today on 0800 9774833 or email info@hiltonbaird.co.uk to find out more about the advantages of export finance.