A £1.25 m revolving trade finance facility was recently organised for a UK company enabling it to grow it business supplying high quality gas fires to major retail outlets. When the facility was first negotiated the business was experiencing cash flow difficulties and was unable to provide secured payment to its Chinese supplier. The solution was to provide a letter of credit and import loan secured against confirmed orders enabling the business to purchase the necessary products. The end customers included blue chip high street retailers. The trade and import facility was instrumental in allowing the business trade through a difficult economical environment at a time when no support was available from its bank.
