Import Finance

[chowiekid]

Afternoon!

Just a quick one, we are looking at new ways to finance our growing import requirements.
Currently we are fortunate enough to self finance our imports, however as our business has grown our requirements for stock has increased and this has really caused strain on cash flow.

We do the normal 10-30% up front then remainder on BL in some cases 120 days after BL Which is easier to finance.

However having just made a visit to the east i have found a load new product we wish to add to our ranges. Is there some sort of import finance that can be obtained by specialist providers or is it just a case of we have to use our own finances and build slower.

We have the common issue of many of our suppliers taking up to 6 months to ship which does cause us issues as well

[Ean218]

We've gone the other way round. When we started off we used letters of credit from the bank, we now self finance as LCs are pretty expensive.