Why Trade Finance?
This clothing importer has two shipments from overseas per annum, for their Winter and Summer season collections. They have over 30 retailers across Australia and goods are on pre-committed orders, with a large profit margin. Trade Finance provides the ability to make 90% up-front payment to the overseas supplier allowing the client the ability to make repayment once goods are sold.
After looking into financing options available, the Directors found that other Trade Finance providers had very complex transaction processes, with some requiring supplier accreditation before providing approval. ScotPac Tradeline has a simple, straightforward and speedy approval process and is less restrictive than other Trade arrangements. In addition, ScotPac Tradeline develops a working relationship with the supplier which enables us to negotiate with deposit requirement, payment and shipping terms to provide the best deal for our client.