New customs, import duties, licences, VAT, and tariffs: Post Brexit trading with the EU frustrates many UK SMEs. To help weather the storm, the Government's recently announced £20 million SME Brexit Support Fund allows businesses to apply for vouchers worth up to £2,000.
If that amount is a little thin, businesses can use trade finance to manage their cash flows. Among the most popular are:
⛵ Export letters of credit
⛵ Pre-shipment finance
⛵ Import trade finance
Because trade finance focuses more on the trade than the borrower, small businesses with weaker balance sheets can use trade finance to trade significantly larger volumes of goods or services and work with stronger end customers.
To discuss your business' trade finance options, access our calendar and book a free consultation call with me: https://www.cc-finance.co.uk/contact-us/
