Trade Finance is a great option for businesses who are exporting and/or importing. Trading internationally can be very risking with the longer distance for goods to travel and the different trading terms.
A Trade Finance provider can give you the financial support and guidance you will need to ensure that your business runs smoothly. A lender will provide trade finance when an exporter requires an importer to prepay for goods shipped.
The importer will of course want to reduce their risk and ask the exporter for proof that the goods have been shipped. The lender will assist by providing either a letter of credit to the exporters bank or making payment direct upon presentation of related documents, such as a bill of lading.