- 12 Dec
What To Do If You Have Been Told To Find An Alternative Trade Finance Company
What To Do If You Have Been Told To Find An Alternative Trade Finance Company
Occasionally we hear rumours about companies which are withdrawing from the market or withdrawing certain products - and we do our best to help clients find alternative financing.
Trade Finance Provider Stopping Renewing Facilities?
We recently heard a rumour from one of our contacts that they had been approached by several clients that were looking for alternative trade finance facilities. This was because the clients had apparently been told, that they needed to seek a replacement trade finance provider, by their current trade finance company.
Whilst this may sound unusual it does happen occasionally as products are withdrawn from the marketplace for various reasons.
More information about import and trade financing.
What To Do If You Are Asked To Seek Alternative Import Financing
If you should find yourself in such a situation, that you are relying upon an import financing facility from a company that no longer wishes to offer that type of facility, do not panic - there are alternative options. It could even be a good opportunity to have a look around for a better deal.
Alternative Trade Financing
Some alternative trade financing providers are actively seeking new clients within this sector and we would be happy to make introductions to new trade financiers. Remember that not all funders have the same appetites and whilst one may be seeking to reduce their exposure to certain products, this may be considered an opportunity by some of their competitors.
We have seen situations where clients can even improve on the terms of their financing in a situation where they are asked to refinance by an existing funder.
For support please call our team of specialists on 03330 113622.
Further Related Information
Related content: See our guide to moving between finance companies this guidance applies equally to trade financing arrangements.
What To Do If You Have Been Told To Find An Alternative Trade Finance Company
Call us: 03330 113622
