Sterling Trade Finance completes £100k facility with construction vehicle manufacturer
Sterling Trade Finance Ltd provided a complete supply chain finance facility including paying a China based manufacturer of powered access platforms and vehicles used in the construction and maintenance industries. Sterling provided finance for inspection, testing, freight, VAT and duty funding to complete a £100k transaction. Unusually for a trade finance deal, this transaction had four parties, the repayment of the facility provided was neither by the client or the ultimate end customers but their asset financier. Sterling has relationships with asset-based financiers and can help clients with similar transactions to develop the sales opportunity, as the asset financier makes a facility available based on the value of the goods rather than the balance sheet strength of the customer.