Trade Credit Insurance
Like many businesses goods may be provided to a third party on credit terms but what happens when after the goods have been delivered the customer goes into liquidation?
Why does my business need Trade Credit Insurance?
Like many businesses goods may be provided to a third party on credit terms but what happens when after the goods have been delivered the customer goes into liquidation? Many would not be happy about standing in a queue of creditors behind secured banks and the ATO waiting to be paid. This is where Trade Credit Insurance comes to the party. We provide insurance against such losses which in turn gives peace of mind knowing that your outstanding account is protected. Trade Credit insurers can also assist in providing reference for new clients seeking credit terms and as such reducing your exposure to credit losses.
What are my alternatives?
For some SME’s sometimes Trade Credit insurance may not suit a business so there are other alternatives such as supply chain finance or debtor finance to assist in cash flow.
Supply Chain Finance
- Relieves cash flow pressure
- Allows businesses to extend trading terms up to 90 days
- Domestic or offshore suppliers
- Quick Turnaround in financing.
- Invoices paid within 24-48 hours
- The opportunity to negotiate better prices and payment terms with your supplier.
Debtor Finance
- Optimises business cash flow and liquidity.
- Eliminates delayed payments
- Domestic or offshore invoices
- Single & multi debtor facilities
- Faster Conversions from invoice to payment
- Revolving facility allowing drawdown, repay and redraw