If you have confirmed purchase orders it may be possible to obtain finance via supply chain finance as was the case for a dried fruit exporter. XL Business Finance was recently introduced to a business via its bank that had won a substantial contract with a US business supplying dried apple snacks. The requirement for 100% cash covered letters of credit was unworkable and impossible for the client to finance. XL Business Finance was able to arrange e a $2m solution to procure apples and pay the factory. The deal was secured on credit insured payments from the US buyer. Supply chain finance can either work on a stand alone basis or in conjunction with your existing bank facilities.
