PURCHASE FINANCE PRODUCT
Sterling provides a purchase finance facility for goods purchased from abroad or from the UK either by Letters of Credit or through documentary collections.
Companies that have confirmed orders from credit worthy end customers can utilise the facility in conjunction with Sterling’s invoice finance product.
As part of Sterling’s comprehensive solution we are also able to manage the
full supply chain, through sourcing, quality control, shipping, insurance, customs clearance and delivery. Additionally, where profit margins are adequate we can also fund VAT, duty, freight and marine insurance.
Our Purchase Finance product can assist clients to achieve the following:
1. |
No outlay of any money to purchase goods or to pay VAT, duty, freight or marine insurance |
2. |
Protection against foreign exchange risk |
3. |
Elimination of bad debt and pre-shipment risks |
4. |
Similar benefits to the Invoice Financing product |