How to Accelerate Your Global Business Growth with Trade Financing Solutions
Without Complicated Application Processes or Lengthy Approval Times
Are you ready to propel your business to new heights and conquer international markets but lack the funds to hurdle through? Have no idea where to get the capital you need to take your first step in international trade?
It’s time to say goodbye to uncertainties related to overseas expansion with trade finance solutions to support your business growth in cross-border trades.
However, securing any trade finance can be confusing and complex which, more often than not, leads to failure.
To make matters worse, businesses are often compelled to present a convincing case for navigating any risks involved with global trade which can be particularly frustrating for businesses just starting to facilitate international trade.
Add that to the various regulatory compliance issues, it’s clear why most applications don’t make the cut!
I’m Clive, from Launch my SME and we help businesses with WEAK COMPANY BANK STATEMENTS to navigate the complexities of securing trade financing for your international trade needs.
With our expertise, you can effortlessly overcome common trade finance application hurdles, from stringent documentation requirements to challenging credit assessments, ensuring your business secures the funding it needs to thrive and grow.
We help you cut through the confusion, guiding you through each step and ensuring your application is robust, compliant, and ready to meet the stringent demands of participating financial institutions in Singapore.
Why Partnering with Launch my SME Makes All the Difference in Your Trade Finance Application Journey
1) Speed and Convenience
We are well-versed in all the ins and outs of the trade financing application process, ensuring a quick and successful application for your business.
We can help you cross-check your criteria against different loan schemes across various financial institutions in the shortest time possible, streamlining the entire process for you!
2) Customer-centric Service
Stop wasting time applying to the wrong loan scheme!
Many of our clients are currently receiving the maximum loan amount that’s most suited to their profile. Moreover, we can significantly increase your chances of approval with our deep understanding of the legal aspects involved.
3) Personalised Business Advice
Got the approval, but not sure how to maximise its impact?
With our guidance, you’ll receive a completely customised plan on the best ways to utilise your loan to maximise your business growth and prevent the recurrence of financial issues, ensuring you make the most out of your financial boost.
4) Extensive Professional Network
Over time, we have built strong relationships with various financial institutions and experts in the industry. Our insider knowledge gives us access to more loan options that you might not be aware of, allowing us to curate the best possible solution tailored just for you!
How does trade finance work?
Trade financing is a type of working capital financing which uses financial instruments and products to facilitate global trade finance transactions.
The primary objectives of trade financing are:
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- provide funding to manage business’s cash flow
- mitigate risks involved (payment risk, country risk) in an international trade transaction
- ensure the smooth flow of goods and payments between parties engaged in cross-border trade.
There are various trade finance techniques offered to companies in Singapore to help facilitate international trade.
Types of Trade Finance Products in Singapore
Letter of Credit (LC)
This is a widely used instrument in trade finance to help reduce the risk for both you and the trade finance company. Here, a confirming bank guarantees the payment to the seller on behalf of the buyer, provided that the seller complies with the terms and conditions specified in the letter of credit.
Export & Import Financing
These two common trade financing instruments are offered by most Singaporean banks to provide businesses with the working capital needed for various stages of the trade cycle:
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- Export financing: includes pre-shipment and post-shipment financing, export loans, export credit insurance and more
- Import financing: includes import loans, LC, trade credit, supplier credit, factoring and more
Documentary Collections
In this method, the exporter’s bank collects payment from the importer through the presentation of shipping and title documents. The bank then forwards these documents to the buyer’s bank, which releases the documents to the buyer upon payment.
Already overwhelmed with all these options and processes? Not to worry as we have simplified the process for you to just 2 steps!
2 Easy Steps to Secure Your Trade Financing
Step 1:
Begin by filling out our quick and easy form to find the best and cheapest loan for you in our Free Loan Comparison among all 40+ financial institutes in Singapore like OCBC, DBS, UOB, SCB, etc.
Step 2:
You should receive the loan comparison result instantly sent via WhatsApp. Here, you’ll get to know all the products with the lowest interest rates and find the one that suits your needs best!
Hear what our clients have to say:
Testimonials
Ready to get started?
It’s Time to Empower Your Business to Thrive on the Global Stage!
Enjoy these perks when you apply:
✅ A faster, smoother pathway to getting your loan approved.
✅ A higher chance of securing the maximum loan amount from a diverse range of financial institutions.
✅ A wealth of expertise about various loan schemes and their specific requirements to ensure a hassle-free experience in finding the right loan for you.
✅ Customised financial strategies tailored to your business’s unique needs.
✅ Continuous support and professional advice so you’re well-informed at every step.
✅ A broad network of connections across financial institutions to explore a wider range of loan options.
Get your FREE Loan Comparison Finder in 1 Minute
Compare for the lowest interest rate among OCBC, DBS, UOB, Standard Chartered, Maybank, CIMB and 40+ Financial Institutes with our quick and easy loan comparison tool to save you both time & money.