Export finance is available from many of the large finance houses as well as smaller firms that specialise in financing international trade. Large finance institutions such as banks often have international branches, so they are easily able to work with these branches to track the export progress.
Each finance institution has its own set of offerings for exports. Some simply provide the bridging finance required to complete the order. Others provide the finance and are also prepared to handle the logistics of the exports. Some of these lenders bundle the bridging finance, insurance cover and logistics together. So, be clear on whether you just want access to finance or whether you also need access to managing the logistics of the exports.
The easiest route for an emerging exporter to take is probably through an export agent, but it is also the most expensive. Export agents are traders with well-developed networks and knowledge of overseas markets. They also have deep pockets and access to finance that can launch a product into an overseas market. However, there is a high cost involved for accessing their marketing networks, resources and the management of your export transactions.
The upside of outsourcing the export logistics is that as a new player in the export game, your orders will be executed smoothly and your products marketed in the foreign country. This is a huge plus as it takes a while to develop the international markets and the export logistics expertise. The downside of outsourcing the export logistics is that the business doesn't get to develop the export expertise itself.
Finfind provides its services free of charge to businesses seeking finance. Our primary purpose is to link SMEs with all the relevant finance providers and finance products that match their funding needs. As a matching service we are not required to be a registered finance provider as we do not loan money directly.