As the name suggests, project finance deems a contract as being bankable collateral. Capital can therefore be raised against the value of the contract. The caveat is that the contract must either be with a recognized commercial entity or government department.
If your ability to fund business opportunities is being hampered by high costs and poor cash flow and you don’t want to draw on assets, increase debt, or deal with the bank, it’s time you considered Inventory Finance.
Unlock the potential growth and profits in your business, without the need for real estate security. Stop missing out on profitable sales and start accepting larger orders, with transaction based financing that meets your working capital needs. Continue reading “Do I need Inventory Finance?”
Opening a Letter of Credit with a bank requires either that your company qualifies for a conventional line of credit, or that you secure the Letter of Credit with cash or assets.
AR Trade Finance is a transactional based lender that focuses on the strengths of your opportunities rather than your assets. Many companies in need of trade finance do not meet the prerequisites of bank lines.