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Business Finance
Import Finance
Funding to pay suppliers upfront for goods imported into the UK before onward sale.
Facility Size
£25,000 – £5,000,000
Terms
30 – 180 days
Decision
3–5 days
Use
Supplier payment
Key Features
- Pay overseas suppliers upfront
- Bridge goods-in-transit period
- Letters of credit available
- Currency management
Use Cases
- Import goods from overseas
- Pay suppliers before goods arrive
- Bridge transit and customs delays
Eligibility Criteria
UK business importing goods
Supplier relationship established
Clear onward sale plan
Documents commonly requested
- Recent business bank statements
- Latest filed accounts and current management information
- Identification and business ownership information
- Evidence supporting the funding purpose
- Property, asset, invoice or contract information where relevant
The exact list depends on the facility and lender. Documents are requested only when relevant to the application.
Important considerations
- Compare the total cost, not only the headline rate
- Understand arrangement, valuation, legal and exit fees where applicable
- Check how repayments affect business cashflow
- Review security, debenture and personal-guarantee requirements
- Consider early repayment and default provisions before signing
How it works
- Tell us about your funding need
- We compare the whole-of-market lender network
- Receive competitive offers tailored to you
- We manage the application to completion
Why use FinanceMyCompany?
- Whole-of-market lender access
- Transparent, fee-clear advice
- Dedicated finance specialist
- Fast, straightforward process
Import Finance — Frequently Asked Questions
Can the lender pay my overseas supplier directly?
Yes, the lender pays the supplier directly, and you repay once goods are received and sold.
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