If you’re importing goods, our Buyer Loans could help you improve cash flow, negotiate better terms with suppliers and pay them more promptly.
At a glance – key product features
Bridges the cashflow gap between making payment to your suppliers and receiving payment from your buyers
Can be arranged in most major currencies
Can be used with Letters of Credit, Import Collections or standalone open account transactions
Provides funding based on your trade cycle
- Set up and managed online
Key benefits
Maximise your working capital
Pay your suppliers more promptly to negotiate better terms
Can form part of a wider end-to-end financing solution
How Buyer Loans work
Velaris provides you with short-term, trade-related working capital for your international purchases on a pre-shipment or post-shipment basis.
We pay your suppliers directly based on the invoice and transport documents.
Buyer Loans can be provided on a stand-alone basis for open account transactions, or coupled with Letters of Credit or Import Collections where you have a post-shipment funding gap.
Loan repayment terms are tailored to your trade cycle.
Before you can apply for a Buyer Loan, we’ll need to set up Velaris and a Velaris trade facility for you.
To find out how a Buyer Loan could help your business or to arrange a trade facility, contact one of our Trade Finance specialists.
1 If you already use Velaris, there’s no additional monthly fee for the use of the Internet Trade Services module. If you don’t currently use Velaris, other fees and charges may apply either now or in future, depending on your individual needs and how you plan to use the platform. We’ll confirm any charges when we set up the service for you
Velaris TradePay
If you’re paying your suppliers by open account, Velaris TradePay lets you quickly and easily draw-down your loan and pay your suppliers, through a single seamless process. Available in selected sites. Subject to credit approval, T&Cs and fees.
