Navigate your export business your way.
Export Debtor Finance is a financial solution to three key areas of your business:- Cash Flow
- Credit Protection
- Debtor Administration
The facility provides a flexible funding line linked to your accounts receivable, without the need to provide real estate security
Benefits of Oxford's Export Debtor Finance
Oxford Funding is a member of Factors Chain International, a worldwide chain of over 200 financial institutions in 59 countries, all with the aim of facilitating international trade. As a result we are able to offer particular aspects that are not readily available elsewhere:
- Improved cash flow - obtain funding on your invoices
immediately a Bill of Lading or Airway Bill has been issued. No need
to wait until the goods have been physically delivered.
- Credit Protection - provides protection against
your customers inability to pay.
- Outsource your overseas receivables administration
, allowing you to concentrate on running your business.
- Obtain improved credit control and minimise your bad debts
via Oxford's state of the art international credit checking and monitoring
facilities.
- Selective Funding - you do not need to factor your
entire ledger.
- Oxford's no concentration policy means you can fund
lumpy transactions. We will fund even a single debtor.
- Eliminate the need for Letters of Credit.
How does Export Debtor Finance
work:
Credit limits for your overseas debtors are "pre-approved" by one of our
200 overseas correspondents.
- You provide us with a copy of your Purchase Order, Invoice & Bill of Lading.
- Within 24 hours we provide you with 80% of the face value of the invoice.
- Your debtor pays our correspondent direct, who in turn remits the funds to Oxford. We then pay you the remaining 20% less a small fee.
- Our overseas correspondent undertakes all debtor administration tasks on your behalf.
- If your debtor is unable to make payment due to insolvency, our correspondent pays you. It's just like credit insurance.
To discuss your business cash flow requirements contact us directly on 1800 850 509 or Enquire Online.