Need to fund your inventory purchases from overseas or from your local supplier? GrowBiz buys the goods for you letting you pay for it on a future date.
Trade finance provides you purchasing power through improved cash flow. If your business is growing rapidly and your cash out is moving quicker than your cash in, trade finance can fill the gap until your cash in catches up. If you get an unexpected large order from a client that you had not budgeted for in your cash flow, trade finance is the answer to fill the gap. If you are having a problem with a client paying their invoice, trade finance is a solution to fill the gap. If the ATO is biting into your cash flow, have a look at trade finance to fill the gap.
With a pre-approved Documentary Line of Credit, you are able to place an order with your supplier and facilitate the Trade Bill post. GrowBiz’s Trade Bills are designed to suit your trading terms so terms can be for 30, 60, 90 days or a variation that suits. Exporting: GrowBiz can facilitate a Documentary Payment or Documentary Acceptance according to the payment terms of your overseas customers.
Further, we can offer trade bills to facilitate the manufacture or satisfaction or purchase orders of your domestic goods for export.Domestic Trade: GrowBiz can facilitate the completion of your production/supply/procurement process from domestic suppliers for domestic delivery via a Documentary Line of Credit, Trade Bill or a combination of both.
You have the flexibility to adjust your supply chain and stock holdings to suit your customer requirements. As a result your cash flow is improved which saves you stress and increased finance costs through emergency funding.
GrowBiz will assist your business by: