Opt for Purchase Finance to Promote the Growth of your Trading Business

Purchase finance is a short-term financial option used for commercial purposes for a buyer dealing in finished and perishable items where the are required to make an upfront payment for the goods ordered. Businesses hate depleting cash reserves, and they also do not like to refuse orders because they don’t have the funds to finance it. The purchase finance instrument allows dealers to accept larger orders as the short term loan meets their immediate demand. The purchase order loan can also be stopped if order volumes are not achieved and the rest is within the limit of the regular cash flow as the loan does not demand a long-term commitment from the buyer.

This product is specially designed for businesses wanting to fulfill bigger orders as they would not have access to huge working capital or cash flow.  This instrument is more suitable for startup businesses and small businesses attempting to achieve business growth who lack the finances to back up their plans. This include manufacturers, distributors, importer ad exporters, wholesalers and resellers.

Trade finance similarly helps the buyer/importer to order goods from an overseas supplier who would like to have some kind of payment guarantee against the goods being dispatched. The trade finance products such as the letter of credit, bank guarantee and collection and discounting of bills are extended by private trade financing companies who also offer flexible terms to the clients who want to avail themselves of their services. Having a trade finance account is a great help as a buyer can fearlessly order shipment with the assurance of the bank guaranteeing the payment, and the exporter will also feel the same way when dispatching the shipment. 

We at Davenham Trade Finance, offer trade, purchase and import finance products to importers/buyers dealing with local and overseas clients and help to facilitate the trade transaction in the most convenient manner. If you are one of the players dealing with the purchase of various commodities from local and overseas suppliers, you can avail yourself of our services that are highly flexible and promote the growth of your import business. Call us on 0161 832 8484 to choose one of our trade finance products and you can also send an email to vincetovey@davenham.co.uk.