Trade Finance
Trade Finance can help you pay for the manufacture of your goods both in the UK and abroad.
When is it used?
- Trade Finance is used to make it easier for Importers and Exporters to transact business. It allows Exporters to produce goods for a client already knowing that they have a guaranteed payment waiting when the goods are ready to be delivered.
- It allows a business to obtain financing for the payment of the goods to enable manufacture to commence, giving comfort to the Exporter.
- This in turn can boost the efficiency and cashflow situation of the Importer.
- Using Trade Finance on an International transaction can protect against currency fluctuations and alleviate the issues of non-payment for goods.
How does it work?
- A confirmed purchase order for the goods to be manufactured needs to have been received.
- Your business then obtains a quote for the goods to be manufactured, either in the UK or abroad.
- You agree the price and the manufacturer issues you with a purchase order.
- At this point you can use a Trade Finance House to issue a Letter of Credit to your manufacturer.
- A Letter of Credit is a document from a financial institution guaranteeing that a specific payment will be made in a business transaction.
- This provides the business manufacturing your goods with the knowledge that they will paid for the Transaction, when the goods are due to be shipped.
- The Trade Finance House will also assist with all the Paperwork and all the documents regarding Shipping etc.
- The Fees Charged on the transaction depend on the time taken to manufacture, time taken to arrive and the type of goods purchased.
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One thing is for sure is that during bad times it’s the people who step in to the room to offer solutions not the ones who step outside that you want long term relationships with. Many jobs in a number of businesses have been preserved due to the unseen efforts of Metis Funding.
Durham Retail Displays Ltd
Metis is a very well run organisation who I would highly recommend. Their communication is first class and they always make time for their clients. Paula is very prompt in correspondence and is always very helpful.
G United LTD
Before our business started working with Metis Funding Solutions (MFS), we were struggling with cash flow caused by clients not paying on time, David and Paula quickly sourced a competitive invoice finance facility in a sector where others had failed before.
David has assisted me in moving forward in the correct direction with my businesses. I would not hesitate to recommend working with MFS, who listen to your business requirements and support you through your chosen route for your business
David has assisted me in moving forward in the correct direction with my businesses. I would not hesitate to recommend working with MFS, who listen to your business requirements and support you through your chosen route for your business
Willowdale Ltd
Before our business started working with Metis Funding Solutions (MFS), - we were struggling with finding lenders due to our lack of trading history and financial accounts.
Since working with MFS, they have helped me to obtain funding for my properties in a very prompt timeframe..
I highly recommend MFS if you’re wanting to sit down with genuine people who take on board your personal circumstances. Ultimately, I will be using Dave & Paula for all my financing requirements for the foreseeable future and can't speak highly enough of what they have done for me.
Since working with MFS, they have helped me to obtain funding for my properties in a very prompt timeframe..
I highly recommend MFS if you’re wanting to sit down with genuine people who take on board your personal circumstances. Ultimately, I will be using Dave & Paula for all my financing requirements for the foreseeable future and can't speak highly enough of what they have done for me.
Yorkshire Rendering Company
I approached Metis for business advice a month ago.
I explained my business requirements in brief. A face to face meeting was arranged at a time to suit, so that my requirements could be discussed in more detail.
I was met with professionalism, courtesy & a very friendly approach. If you require a solution to your business needs, I would highly recommend speaking to Metis.
I explained my business requirements in brief. A face to face meeting was arranged at a time to suit, so that my requirements could be discussed in more detail.
I was met with professionalism, courtesy & a very friendly approach. If you require a solution to your business needs, I would highly recommend speaking to Metis.
Starboard Personnel
We started working with Metis Funding Solutions, who were able to suggest options to us that would help us financially. We were able to obtain a working capital facility for our business at an excellent rate.
I would highly recommend Metis Funding Solutions, if you need help sourcing the best funding solution for your businesses with honest and helpful advice. Both Paula and David who we dealt with are very professional and very knowledgeable.
I would highly recommend Metis Funding Solutions, if you need help sourcing the best funding solution for your businesses with honest and helpful advice. Both Paula and David who we dealt with are very professional and very knowledgeable.
DJT Services