free small business advice & information
Main Menu
Hot Links
| Article Index |
|---|
| Import Finance |
| The Right Balance |
| Terms of Delivery |
| Payment Methods |
| Financing Your Payments |
| VAT and Duty |
| Making Payment |
Page 5 of 7
Import Finance
4. Financing Your Payments
There are several ways of financing payments.
4.1 You can use your own overdraft facility for small amounts.
4.2 For £100,000 or more, a fixed-term commercial bill drawn on your bank and then discounted by the bank can be more cost effective.
4.3 You can arrange financing in a foreign currency, typically if you are being invoiced or have other expenditure in that currency.
- You need to manage your exchange rate risk.
4.4 For goods you plan to sell on, you may be able to arrange bank finance against the security of the stored goods.
4.5 If you use freight forwarders to handle delivery of the goods, you may be able to negotiate a credit line with them to cover their charges.
Labels: Finance & Grants, Exporting/Importing
Related Articles
Monthly Prize Draw!
Win £375 worth of advertising for your business.
Enter our competition by either:
- Signing up to the is4profit Small Business Newsletter or
- Entering your firm's details into the Small Business Directory