Trade finance is an essential tool to many businesses managing global trade and supply chains.
It allows businesses to unlock the funds needed to fulfil orders. Using this type of finance, they can make purchases and pay suppliers before receiving the cash from the sale.
By taking the pressure off day-to-day purchasing, trade finance – sometimes referred to as receivables finance – allows businesses to continue to purchase from suppliers and maintain valuable relationships, easing cash flow until sales are paid for.
A typical trade finance deal sees the funder pay the supplier on your behalf. This means you do not need to wait until the sale has been made before paying for your purchase, or rely on having sufficient funds in the bank.
With trade finance, the business can continue to grow even when payments for sales are still outstanding. It manages trade risk, particularly in overseas trade, and creates working capital to maintain the supply chain.
Finding the right funding for your business
The experts at RedSky have excellent contacts with all providers of trade and supply chain finance. We will work closely with you to ensure you obtain the most appropriate funding and to enable you to concentrate of growing your business and developing overseas relationships.
I suggest stop looking at your typical high street banks and try Paul straight away. Saved me lots of hassle and head ache and manage to get me a loan middle on the pandemic and 2% cheaper to the closest competition. His not your typical 9 to 5 office worker sometimes we were exchanging emails at 9pm he was always available to talk and not once we felt he wasn’t the right guys.
Paul at RedSky provided an excellent and friendly service to source and successfully apply for a loan for my client. Despite originally being refused a loan by their high street bank Paul managed to get us an acceptable alternative at good rates. - I would not hesitate to recommend Paul and his team to anyone looking for funding.
From the start of the process Andy was fantastic in arranging finance for our business. He kept me updated with progress all the way through keeping the stress levels to a minimum, even when he was on a weeks holiday. I wouldn't hesitate to use their services in the future.
Fantastic service from the minute we spoke to Martin Bell - personable pragmatic and he managed to get a great deal on our business development finance - wouldn’t hesitate to use again or recommend to others
Myself and my husband have been supported by RedSky for over 15 years in our Hi-tech engineering business and we simply couldn't recommend them enough. They will always go the extra mile and beyond and will only find a solution that is totally right for your business, never simply for their gain. Integrity is absolutely paramount for them. They are able to look at the whole of the market for your business solution and are at the forefront of everything that is happening in the business funding world and solutions for SMEs. They really do care about your business.
Gareth at Red Sky understood my business and my funding requirements quickly, he was a pleasure to work with and secured the funding I required. I highly recommend Gareth and Red Sky. If the need arose I would turn to Gareth and Red Sky without hesitation
Without Redsky our business wouldn’t of even got off the ground. Gareth was fantastic in putting our business plan together and doing all the paperwork. We can’t thank you all enough hopefully you can change our life’s. Thank you