Trade Finance

Helping Importers
and exporters

Get the finance you need to pay your suppliers, be it for imports or exports. This lets you focus on closing sales rather than worrying about how to manage your cash flows.

trade finance

Helping Importers and Exporters

Get the finance you need to pay your suppliers, be it for imports or exports. This lets you focus on closing sales rather than worrying about how to manage your cash flows.

TRADE FINANCE

Have you ever had to turn away business because you couldn’t afford to fund it? Or received a Purchase Order from your customer but don’t have the capital to pay the overseas manufacturer 100% before the goods leave the factory?

Get the finance you need to pay your suppliers, be it for imports or exports. This lets you focus on closing sales rather than worrying about how to manage your cash flows.

How Trade Financing Works

Smart Invoice offers Trade Finance to Australian businesses from early stage to mid-market companies with proven track records. With the strong financial position of our funding partner and their expertise in cross-border transactions, we can quickly structure the best funding solution for your business. 

Trade Finance

How trade finance works for Importers:

  • You order goods from an overseas supplier.
  • You receive the supplier’s invoice and send it to us as Good To Pay.
  • We pay your supplier’s invoice.
  • You receive the goods and pay us on agreed terms.
  • If you don’t have funds available when the goods arrive then we can establish an Invoice Finance facility for you.
  • Invoice finance is a flexible business funding option where we issue funds to you based on the invoice you have issued to your client. It’s much better than a business loan or overdraft, carries no hidden fees and funds are issued within 1-2 days of approval. All we charge you is a small fee when the client pays your invoice.

How trade finance works for Exporters:

  • You receive an order from an overseas customer.
  • Based on the purchase order we provide you with the finance needed to manufacture the goods.
  • Goods are shipped to the customer.
  • The customer pays you for the goods as per your trading terms.
  • You repay us when you receive the funds from your customer.

Benefits of trade finance

trade finance

How trade finance can help Importers:

  • More cost-effective and flexible than a business loan or overdraft.
  • Free up working capital. No need to have your money tied up for 6 -10+ weeks while goods are manufactured and then shipped.
  • Obtain early payment discounts as suppliers often offer a discount to early paying customers, particularly overseas ones.
  • Access overseas support. With people in Asia and the USA our funding partner, tim., can assist with product sourcing and quality control from the factory.
  • No hidden fees.
  • No property security required.
  • Quick and easy application process.

trade finance

How trade finance can help Exporters:

  • More cost-effective and flexible than a business loan or overdraft.
  • No need to have your own money tied up in the manufacturing process. Get access to the cash required and only repay it when your overseas customer pays for the finished goods that have been delivered.
  • By paying your suppliers upfront, it allows you to get early settlement discounts from your suppliers resulting in cost savings.
  • No hidden fees.
  • No property security required.
  • Quick and easy application process.

Why should i go with smart invoice for Trade finance?

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Release of working capital:

We replace the capital you normally have to outlay for import/export transactions allowing you to deploy your cash elsewhere in growing your business.

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One point of contact:

A dedicated account manager oversees the entire import transaction, keeping you updated on your orders in production, in transit and on delivery. It completely removes the administration complexities and cash flows usually required in managing imports/exports.

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Guaranteed quality:

With our funding partner’s staff on the ground in China, Asia and the USA, the Quality Control (QC) of your product is managed. before leaving the factory to ensure quality standards expected by Australian companies. The quality of the goods are guaranteed each and every time, so you do not have to worry about goods or raw materials arriving with defects or at sub-par standards.

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No below the line costs:

Eliminate the need to use standard or averages in determining the cost and sale-price of imported goods by having to deal with exchange rates and changing logistics costs. The price quoted by us is the all-inclusive Australian dollar price per shipment delivered to your business, with nothing more to pay.

Trade Finance Offers A Great Solution To:

For small and medium size businesses that need working capital to keep growing

Businesses with annual revenue of at least $1.5 million and who have at least 4 regular paying customers

For businesses that are coming out of a tough trading environment that need cash today to bridge the gap between invoicing customers and getting paid

Seasonal cash flow fluctuations

Please note our Trade Finance product is available only for importers and exporters dealing with international transactions. If you are looking to fund domestic trade transactions within Australia, please refer to our Supply Chain Finance product.

Supply Chain Finance

Enquire now

It will only take a few seconds & will not affect your credit rating.

Do you have at least 4 customers?

Estimated Funding Required:

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Frequently asked questions

IMPORT

What is import finance?

If your business could reduce its costs by importing raw materials, or finished goods direct from the factory rather than purchasing from a local supplier, or if you are currently importing and want cheaper importation costs, then Import Finance is the finance solution for you.

Importing is a great way to reduce your local supply costs, but in order to bring goods into the country it requires upfront cash to be paid to the factory before they release it. However, for many SME’s having this sort of freely available cash doesn’t exist, this is where Import Finance solves the problem.

Import Finance is a line of funding provided to your businesses to purchase goods from overseas suppliers. Our solution will not only assist you in ensuring that the best products are sourced for import, but instead of having to pay the factory in full prior to shipment as is the usual protocols, our funding partner, tim., will allow you to retain your capital in the business until the goods are delivered to your premises in Australia. Our funding partner will also manage your entire logistics, freight forwarding and forex (all your payments are quoted in AUD), with no need for Letters of Credit and no property security required.

Once established, the line of credit can be drawn, repaid and used repeatedly.

Import Finance provides an end-to-end Import Finance solution including:

  • The sourcing of product at the best price at the best quality (to Australian standards);
  • Quality control of product in country of origination before leaving the port;
  • Complete logistics management, freight forwarding, customs clearance and delivery to an Australian address; and
  • Full Forex management (everything is priced in AUD)

All this without the need to allocate working capital for 60-90+ days.

How can import finance help your business?

Import finance will help you to close the funding gap between an order received from an Australian customer and the payment required by your overseas supplier/s.

Using an import finance facility will ease the pressure on cash flow and can take care of all of the complex paperwork and procedures that come with it. Our funding partner’s Import Finance or Accelerator Plus product can fund up to 90% of overseas purchases; freight, duty and GST, all the way through to the point where your customer pays your invoice.

  • Simply complete the online application form
  • Upload some of your pending invoices or your entire Account
  • Tap into money you already have in your Accounts Receivable ledger
  • Unlock cash upfront, instead of waiting 30-90+ days for unpaid invoices
  • Eliminate the need for high-interest unsecured loans or overdrafts
  • Meet your funding needs quickly and easily
Who can use Import Finance?

Import Finance can be used by any business that import goods or wants to import goods to sell to other businesses.

What is the maximum funding term allowed?

Our funding solution is tailored to meet the specific needs of each business and can be structured to provide total funding for periods up to 150 days.

What type of goods can be imported using Import Finance?

Import Finance can be used for a wide variety of imported products that are used for onsale to your Australian customers. Please contact our experienced staff members and they will quickly determine what is required to get your funding underway.

What security is required?

No property guarantees are required as we take security over the product you are importing.

How much does import finance cost?

Import Finance is very competitively priced. We partner with the largest logistics provider in Australia to ensure your freight costs are the lowest possible. The total all-in fees vary depending on your business, the type of products, the time to manufacture and specific requirements in order to ensure they are as low as possible.

EXPORT

What is export finance?

Does your business need funding to cover the working capital costs, from the time you receive a purchase order from your overseas customers until the goods arrive and are paid for (by your customer), if so then our Export Finance is the solution for you.

Our solutions allow you to retain the capital in your business until the goods are delivered to your customer overseas and paid for. If required, our funding partner will also manage your entire logistics, freight forwarding and forex, with no property security required.

Once established, the line of credit can be drawn, repaid and used repeatedly

How can export finance help your business?

Export finance will help you close the funding gap between the time an order is received from an overseas customer; the cash required for you to make/purchase the goods and then waiting for the goods to be shipped and payment received. This is usually a 60 to 120+ day cycle.

An export finance facility will ease the pressure on cash flow and can take care of all of the complex paperwork and procedures that come with it. Our Export Finance solution can fund up to 100% of overseas purchases; freight, duty and GST (where applicable), all the way through to the point where your customer pays your invoice.

Who can use Export Finance?

Export Finance can be used by any business that exports goods or wants to export goods to sell to other businesses.

What is the maximum funding term allowed?

Our funding solution is tailored to meet the specific needs of each business and can be structured to provide total funding for periods up to 120 days.

How much does export finance cost?

Our pricing is very competitively priced. The total all-in fees vary depending on your business, the type of products, the time to manufacture and the shipping time, through to payment by your customer. We have no hidden fees and charges, so please do call or complete our enquiry form and we will gladly assist. This type of trade finance is very specific, tailored to suit the financial demands of companies who export.

Other Options That Might Interest You

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Supply Finance

Pay your suppliers upfront, receive early payment discounts and improve your working capital position.

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INVOICE FINANCE

Don’t wait for 30, 45 or even 90+ days. Turn your outstanding invoices into cash within 24 hours with Invoice Finance.

GET IN TOUCH
WE ARE HERE TO HELP.

 Please let us know if you have a question, want to leave a comment, or would like further information about Smart Invoice.

Postal Address: Level 14, 309 Kent Street
Sydney NSW 2000

Phone: 1300 33 SMART

Email: info@smartinvoice.com.au