Import Finance
positive thinking in business finance
of landed cost. Designed to enable payments to suppliers prior to goods
being invoiced.
| • Introduction | • Case Study | |
| • Testimonial | • Glossary | |
Our Trade Finance Division provides the complete working capital package to importers, wholesalers, distributors and manufacturers. We have more than 20 years experience of funding imports, stock and outstanding invoice debt.
Being part of the Davenham Group we are also able to finance commercial property and plant and machinery as part of our structured finance offering.
Our major advantage over other lenders is our ability to finance stock via direct payments to suppliers and releasing cash against warehoused products.
We also offer funding propositions to IFA’s enabling them to borrow against a multiple of their trail income.
We can deliver speedy lending decisions and completions, priding ourselves on our flexible
funding solutions, providing finance designed for you.
• National coverage
• Up to 100% finance of cost of goods
• Fast professional response
• From £25k to £4m
• Integrated funding solutions that cater for any business requirement
• Funding for start-up, established or turnaround businesses
Davenham was approached to assist a start-up business in importing and
distributing 19” Flat Panel LCD TVs to a major UK retailer. The China based
supplier required payment via a Letter of Credit (“LC”) with the order prior
to production. Davenham raised the LC to cover 100% of the cost of the
goods value. Davenham also agreed to cover all freight, duty and VAT costs
in order to import the goods into the UK.
Davenham’s assistance enabled the directors to facilitate the order, with mainstream funding, on a tight timescale, and with no loss of equity to the business.
“Davenham's attention to detail, consistency and effeciency throughout the whole process was excellent and the competitive funding package it offered us made Davenham our number one choice.”
Peter Shannon, Moah.