What is Trade Finance
Trade Finance enables you to fund the purchase of goods from suppliers, both overseas and here in Australia bridging the gap before you can sell the items and get paid by your customers. It provides a simple solution to help your business improve its trading cash flow. Once you have set up a facility with us, we pay your suppliers directly, covering a range of currencies. You simply request a draw down amount for each shipment that you are expecting. We'll match your supplier payment terms so taking away creditor pressure.
Trade Finance is designed to help businesses get access to working capital solutions so you will also need to set up a Debtor Finance facility with us.
Benefits of using Trade Finance
- Fast access to working capital
- Ensures you can negotiate with your suppliers to get what you need at the best price for your business
- Reduces your time in organising and chasing supplier payments
- Peace of mind that you can meet your customer deadlines
- Allows you to grow your sales
How it works
It's a simple process aligned to your trading cycle.
Following delivery you have two repayment options
1. Through our Debtor Finance facility
2. Directly to us
Why choose Classic Funding Group
Funding aligned to your needs. We adjust to meet your supplier's payment terms
Supplier payments handled for you
A range of currencies are available and we'll take the hassle of supplier payment away from you
Access to cash flow finance experts ready to take your call
Meet the team
Got a question about Trade Finance
How do I apply?
Applying for trade finance with Classic Funding Group is straightforward.
Speak to one of our finance specialists to discuss your needs
Based on the information provided we will issue you with an Indicative Offer
How much does Trade Finance cost?
Our prices are based on an interest rate and a one off drawdown fee. Rates are competitive and you are only paying for the funding gap rather than a fixed term, unlike many suppliers in the market.
How do I keep track of my liabilities?
You will have automatic access to an online portal that will provide you with all the information you need 24/7. It's free and easy to use.
Will it be easier to obtain Trade Finance if I have a Debtor Finance facility in place?
Yes it will be quicker for your business to obtain trade finance if you already have a Debtor Finance Facility in place. Our specialists will also be able to provide you with support across all cash flow needs, ensuring you the best outcome throughout your trading cycle.