We are delighted to launch the ‘Trade Finance Explained: An SME Guide for Importers and Exporters’ along with the Federation of Small Businesses (FSB), The Institute of Export & International Trade (IOE&IT), International Trade Centre (ITC), Forum of Private Business (FPB), and Trade Finance Global (TFG).
What's the SME Trade Finance Guide?
The guide describes the main types of trade finance structures available to SME importers and exporters, outlines the methods of payment, risks and challenges, and shows how to access trade finance from various lending sources.
“Around 20% of UK small businesses export to overseas markets. With the right support and tools, this could increase to 40%. As we approach the end of the UK/EU transition period and look to open up trade with new export markets around the world, small businesses don’t tend to know about trade finance and how it works," said Martin McTague, Policy and Advocacy Chairman at Federation of Small Businesses (FSB)
Learn more about the 2020 SME Trade Finance Guide here