Import Loan
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A structured method of funding imported goods
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Benefits
Features
Important Facts
The timescales involved in International Trade can be longer than those of domestic trade. Funding the purchase of materials, components or finished goods often puts pressure on a companies cashflow. Import loans are a structured funding method more suited than the traditional overdraft to companies that trade internationally,and who utilise Letters of Credit or Documentary Collections to settle with their suppliers.
How it works
Payment is made by drawing down a short term loan,to settle the Letter of Credit or Documentary Collection, typically for up to 180 days, to fund the period up until you sell your goods and receive payment.
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Benefits
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- Allows you to offer immediate payment terms to your suppliers.
- Loans can be in most major traded currencies.
- Import Loans can form part of your currency hedging strategy.
- Facilities are matched to your trading cycle.
- Can be linked to factoring or invoice discounting solutions.
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Features
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- Available in a range of currencies
- Available for various periods in line with your trade cycle.
- Integrated solutions available
- Personal attention - dedicated Relationship Partner who can make decisions - fast
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Complementary Solutions
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Important facts
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What it costs
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Terms and conditions
- Prior to an import loan being made available by Yorkshire Bank you must have arranged a suitable facility and have signed the appropriate documentation. You may be asked to provide collateral.
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Where do I go from here?
- Talk to your local International Trade Partner
- Talk to your local Business Partner
Your home may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.
Changes in the exchange rate may increase the sterling equivalent of your debt
Yorkshire Bank is a trading name of Clydesdale Bank PLC which is authorised and regulated by the Financial Services Authority. Credit facilities other than regulated mortgages are not regulated by the Financial Services Authority. Clydesdale Bank PLC, Registered in Scotland
(No. SC001111), Registered Office: 30 St. Vincent Place, Glasgow, G1 2HL. A member of the National Australia Bank Group of companies.
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