A client come to us looking to fund her seasonal business - a Christmas pyjama business. There was historical profitability and she was looking to borrow £40,000 to purchase stock from China. She also was looking for the flexibility of no early repayment charges. We approached several lenders to gauge an idea of the appetite to fund the business and to see what rates we could obtain our client. A couple of days later we had offers on the table, one of which the client subsequently accepted, and the business carried out its plans.
Eligibility and Criteria
Determining whether trade finance is suitable for your business involves considering three essential questions:
Do you have purchase orders that require funding?
Are you seeking to import or export products for resale?
Do you lack the necessary working capital to pursue international trade independently?
If your answer to these questions is yes, trade finance could be the solution to fuel your business growth. Unlike traditional lenders, trade financiers prioritise understanding the transaction details, its potential impact on your business growth, and the involved stakeholders rather than solely focusing on your balance sheet. Typically geared towards companies with robust supply chains and end-buyers but lacking sufficient working capital, trade finance offers vital support to businesses aiming to expand their international trade operations.
How Our Trade Finance Brokerage Can Help
At Spark, we specialise in providing innovative trade finance solutions to businesses engaged in international trade. With access to a network of over 100 lenders and expertise in structuring trade finance transactions, we can help you navigate the complexities of international trade and assess each business need on a case by case basis - introducing them to the best options from our vast network of trade finance lenders.
Contact us today to learn more about how we can support your trade finance needs and help you unlock new opportunities in the global marketplace.
Jamie Davies
Managing Director
As a founder of multiple businesses, Jamie believes that mindset, discipline and ambition are key drivers for success, both for his businesses and for his clients.
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The first steps towards the funding your business deserves
Disclaimer: Spark Finance Ltd (Registered office - 18 John Stow House, London, England, EC3A 7JB, Registered Number 10128297) helps UK firms access business finance. Spark is a credit broker, not a lender. Any quotes provided are for information purposes only and subject to status and separate lender terms and conditions. Applicants must be aged 18 and over. Guarantees and Indemnities may be required. Spark Finance may receive commission from lenders which may vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.
Spark Finance Ltd is authorised and regulated by the Financial Conduct Authority in the UK (FRN 958123).
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