Exporting goods and services can be a lucrative venture for small and medium-sized enterprises (SMEs), however, managing cash flow during the export process can be challenging. At Newable Commerce, we understand these challenges and offer a tailored solution –  Single Invoice Finance for Exporters.

 

What Is Single Invoice Finance for Exporters?

 

Single Invoice Finance for Exporters is a financial product designed specifically for exporters. It allows SMEs to access funds based on their outstanding export invoices. Here’s how it works:

  1. Invoice Submission: Exporters submit their invoices to Newable Commerce. These invoices represent completed sales to overseas buyers.
  2. Funding Approval: Newable Commerce reviews the invoices and approves funding based on certain criteria.
  3. Immediate Cash Flow: Once approved, SMEs receive up to 85% of the invoice value upfront. This injection of working capital helps bridge the cashflow needs of the business between delivery of the goods and receipt of payment from the debtor.
  4. Repayment: The overseas buyer settles the invoice, paying Newable Commerce the full invoice amount, then Newable pay the SME the remaining invoice value minus fees and discount.

 

What Are they Key Features of Single Export Invoice Financing?

 

  1. Flexible Funding Period
  • Newable Commerce can fund invoices for up to 180 days, provided they fall within the payment terms. This flexibility ensures SMEs can manage their cash flow effectively.
  1. High Advance Rate
  • SMEs can access up to 85% of the invoice value upon raising the invoice. This immediate liquidity allows them to cover other production costs, shipping, and other working capital needs.
  1. Global Reach
  • Newable Commerce can fund both domestic and overseas invoices. Whether an SME is exporting to Europe, Asia, or Africa, they can benefit from this financing solution.
  •  Additionally, we offer international payment services to support FX risk management.
  1. Transparent Fees
  • Factor fees are from 1% of the invoice value, deducted from the amount advanced.
  • Discount margin from 0.99% per 30 days.
  1. Eligibility Criteria
  • Newable Commerce works with UK Limited companies.
  • SMEs must have at least 2 years of trading to qualify.
  • An assignment of the invoice is required and personal guarantees (PGs) are also necessary.

 

What are the benefits of Single Invoice Finance for Exporters?

 

Single Invoice Finance for Exporters offers several benefits for businesses:

  1. Quick Access to Cash: By converting unpaid invoices into immediate funds, businesses can address cash flow gaps and manage working capital more effectively.
  2. Releases Cash Tied Up In your Ledger: This makes the asset work for the business.
  3. More Flexibility: Invoice financing provides greater flexibility. It allows you to access funds quickly as your business growing.

 

Why Choose Newable Commerce?

 

  1. Expertise: Newable Commerce has extensive experience and understands the unique needs of exporters.
  2. Tailored Solutions: Each SME’s situation is different. Newable Commerce customises its financing solutions to meet individual requirements.
  3. Speed and Efficiency: SMEs can access funds quickly, allowing them to seize new export opportunities without delay.

 

Single Invoice Finance for Exporters from Newable Commerce empowers SMEs to grow their export business confidently. By unlocking working capital, SMEs can focus on what they do best—delivering quality products and services to global markets.

 

About Newable Commerce

 

Newable Commerce aims to simplify international trade for the UK’s roughly 300,000 exporting SMEs.

Simplifying international trade” is the core principle that guides everything we do at Newable Commerce. We’re not just tackling current problems; we’re completely rethinking what trade finance means. Our goal is to fundamentally change how customers think about trade finance, proving that it can be simple and efficient, setting a new benchmark for the industry.

Newable Commerce exists to simplify international trade for SMEs. We do this through a range of products and services that enable businesses to move and manage funds internationally and optimise cash flow through our working capital debt products.

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