CCR Magazine

Subscribe Here
You are here  :Home arrow News arrow Businesses to acquire overseas assets securely
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
Businesses to acquire overseas assets securely PDF Print E-mail
Friday, 09 September 2016
A new funding facility that makes it easier for businesses to import vital new machinery and equipment from overseas has been launched by Lloyds Bank Commercial Banking. 

Capital import finance has been designed with manufacturers in mind and allows businesses to buy critical assets from international suppliers using trade and asset finance.

By spreading the cost of the asset over its anticipated lifetime, the funding allows firms to protect their cash flow and give them more control over their individual growth strategies.

The end-to-end solution also protects importers from the risks of dealing with overseas traders by providing a letter of credit that guarantees payment only once the supplier has met its agreed obligations.

The facility is specially designed for the importation of assets costing upwards of £100,000, and will help firms negotiate better terms and engage with a greater selection of suppliers to enable competitive procurement, whilst being safe in the knowledge that the asset finance funding is agreed and secured up front.

Steve Everett, head of product and proposition for Lloyds Bank Global Transaction Banking, said: “We want capital import finance to be a one-stop solution for the importation and financing of the assets that businesses need to meet their growth ambitions.

“Businesses need efficient and reliable financing frameworks to help them produce the high quality products the UK is known for and having a full working capital management strategy will support that.

“Following the EU referendum, there is a large amount of uncertainty that businesses are facing and ultimately, capital import finance has been designed to help meet these demands while mitigating risks, and help British businesses to prosper.”
 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

CSA

subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197