Could You Benefit From An Unsecured Trade Finance Facility?
If your business is based, in the UK, Europe European Economic Area, Australia and Canada, and you have a working capital requirement when purchasing from suppliers, this easy to operate facility could work for you. This is competitively priced and is often much cheaper than the traditional options. The main features are:
Completely unsecured
Free to set up and free to maintain
No minimum usage, can cherry pick specific invoices
Credit term up to 150 days
Credit line size up to £5m
Can be used to pay pre-shipping or pre-manufacturing deposits
Competitive interest calculated pro rata to the day
Backed by a mainstream European Banking Group
Eligibility
While the financier intends to support as many businesses as possible, you need to be able to meet their rules to be eligible. These are:
Minimum £1m turnover
Minimum £100k tangible net worth
Minimum two years trading history
Must be generating positive EBITDA
Must be importing from overseas
There must be a forex component which is handled by the financier although there is a similar facility on offer to pay domestic suppliers but you still need to demonstrate that you have a forex requirement in your business.
This is an excellent product for those that are eligible. If you do not meet the criteria, then we are able to source other solutions for you. If you need any help with this or any other commercial finance product, please contact us by calling David on 07941 620905 or by sending an email to david@atlascredit.co.uk .
