There are effectively two types of trade finance – Purchase Finance and Letters of Credit.
This is short term funding against a confirmed customer order. It is usually available for:
Advantages of purchase finance are:
Letters of Credit are used to guarantee payment to the supplier in order to obtain the release of goods. They are available to importers and wholesalers that satisfy the following criteria:
Advantages of letters of credit are:
Sterling Capital Reserve Limited is a Broker not a Lender.
Sterling Capital Reserve Limited is authorised and regulated by the Financial Conduct Authority.
Sterling Capital Reserve Limited is entered on the FCA Register https://register.fca.org.uk under reference 733615.
The guidance and/or advice contained in this website are subject to the UK regulatory regime and are therefore targeted at consumers based in the UK.
Sterling Capital Reserve Limited is registered in England and Wales No. 3853461.
Sterling Capital Reserve Limited is registered for VAT No. 737604523.
Sterling House, 5 Wheatcroft Business Park, Landmere Lane, Edwalton, Nottingham NG12 4DG
Tel: 0115 984 9800 Fax: 0115 921 5550 - Map and Directions to our Head Office
ANY PROPERTY USED AS SECURITY, INCLUDING YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
EARLY REPAYMENT CHARGES APPLY. A BROKER FEE MAY APPLY.