At Newable Commerce, we are committed to simplifying international trade for SMEs by offering a range of tailored financial solutions. With a wealth of experience in commercial finance, our team, led by experts like Lee Dawson, is dedicated to understanding and addressing the unique needs of our clients. In this blog, we sit down with Lee Dawson, our Broker Relationship Manager, to explore how Newable Commerce supports businesses in navigating the complexities of export finance, dispels common misconceptions, and anticipates emerging trends in the industry.
Tell us a bit about your background and your role here at Newable.
With 30 years of experience in commercial finance, specialising in Asset Finance and Invoice Finance, I joined Newable in 2020 as a Finance Broker. Today, I serve as the Broker Relationship Manager for Newable Commerce.
How does Newable Commerce simplify international trade for SMEs?
We have a team of dedicated Export Finance experts who take the time to understand our clients’ requirements. We offer a range of simple, straightforward cashflow products to meet those needs.
What specific products and services does Newable Commerce offer to help businesses move and manage funds internationally?
Our offerings include Term Loans, Revolving Credit Facilities, and a Single Invoice Finance Product. Additionally, we provide advice on foreign exchange strategy and facilitate foreign exchange payments in numerous currencies.
What are some common misconceptions about export finance that you’ve encountered?
Many believe that only EU or US export debts can be funded and that only high street banks can provide export finance.
How does Newable Commerce address these misconceptions?
We offer finance to exporters who provide services outside of these regions, such as South America.
Based on your experience, what are the biggest issues companies face when coming to Newable Commerce for their export finance needs?
The main challenges are companies not having traded for the required period and lacking sufficient export turnover.
What emerging trends do you foresee in the export finance industry?
I anticipate an increase in exporting as businesses adapt to Brexit rules or as these rules are relaxed. Additionally, the UK signing more trade deals with other regions will boost exports.
How does Newable Commerce collaborate with other financial institutions and partners to support SMEs?
Our export-only products allow SMEs to access traditional forms of finance, such as invoice finance or overdrafts, alongside our offerings.
How Newable Commerce Can Help
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.
