Trade Finance in South Africa
Trade finance makes it possible for businesses to get the funding they need for successful import and export operations.
With trade finance in South Africa, businesses can access the working capital they need to make international transactions feasible.
At Business Loans, we work with a curated list of trusted and established lenders to find our clients the best available trade finance solutions. This includes funding of up to R6 million for import and/or export operations.
Apply now for trade finance in South Africa and get funding fast.
Getting the best offer
We get your business the best possible import/export funding for its needs by working with a network of reputable lenders. This enables us to get you the best offer.
We don’t believe in making access to trade finance more complicated than it has to be. So our processes are fast and paperless, and can be completed online. We offer a service that’s professional, considerate and efficient.
What is trade finance?
Trade finance refers to the financial products and solutions that banks and other companies offer to facilitate international trade.
Trade finance solutions help facilitate successful international trade. They can also help protect import and export businesses from risks, such as currency fluctuations or payment delays.
For example, trade funding can provide an exporter with payment while an importer might be extended credit to fulfil an order.
What instruments are available for trade finance in South Africa?
There are a number of financial instruments used in trade finance to protect importers and exporters, including:
- funding for imports and exports
- letters of credit to guarantee payment to the seller
- factoring paid based on a percentage of accounts receivable
- export credit or working capital to exporters
- insurance for the shipping and delivery of goods
- insurance to protect the exporter from non-payment.
How does trade finance reduce risk?
Trade finance mitigates the risks of international trade by reconciling the needs of the exporter and importer.
Funding solutions can increase the trust between two or more businesses divided by distance, currency and economics.
Import and export funding can also be used with other trade finance solutions to help your business.
What are the benefits of trade finance?
Trade finance can help businesses by:
- preventing delays in payments and shipments
- increasing revenue and earnings
- preventing cash flow problems
- reducing the risk of lucrative deals falling through.
How to apply for trade finance in South Africa
We’ve streamlined our process to make it exceptionally quick and easy for businesses to get funding for imports and exports.
Apply online
Simply fill out and submit our online application form. Our entire process is paperless and there’s no need for an office visit.
Speak to a loan manager
One of our specialised loan managers will respond promptly, requesting any needed documents and explaining what you can expect, so there are no surprises.
Review a trade funding offer
We’ll provide the best available offer from a network of trusted lenders. Once you’re ready to proceed, we’ll facilitate an agreement.
Receive funding
Once an agreement is approved and signed, the loan amount is transferred directly to your business account via EFT.
Make regular payments
Make regular payments to repay the loan over the agreed time period.