FAO Traders: Fund Large Stock Purchases and Grow Quickly
Stock Finance is an emerging form of non-bank funding for businesses
that buy and sell physical goods. Funding can be provided against
stock purchases, or against existing cash flow within your business.
Funding is available for UK based:
You do NOT need 2 years filed accounts to qualify!
What do you want to do now?
Ability to fund 100% of your deposit (up to 30%)
Rates from 3% per transaction
Typical Interest paid of between 10% and 15% per transaction period
Short-term Pay As You Go Facilities (between 30 days and 150 days)
Businesses with margins of 20% + preferred
Existing relationship with manufacturer/seller of goods preferred
Can fund the purchase of Raw Materials
Daily Pro-rate interest after Month 1
100% of landed cost paid for (including VAT, freight and Duty)
Charles McCole, CEO, Connect IT Ltd. Stock & Trade Finance Facility
“Our infrastructure cable business had been growing at a phenomenal rate over the last year but our problem was a lack of confidence in fulfilling large contracts recently won. We needed lots of stock, on call, to fulfill 1-3 day turnarounds for large corporates, on a reactive basis.
We needed finance based on the stock, not on the firm orders. Discover and Invest’s knowledge of the marketplace, ability to access the best the market could offer to us and speed of response meant we could get in front of their contacts quickly. This resulted in recently agreeing an 800k facility to immediately finance our imported stock from abroad at a fixed cost.
This finance gives our business the confidence to chase, win and deliver on big contracts, ensuring the warehouse is fully stocked for reactive opportunities. Ultimately, our business will now grow at a much quicker rate. Discover and Invest found the right solution for our business requirements, just when we needed it, quickly and efficiently”