Government help for exporters
Supplier credit financing facility
Certain exporters may be eligible for a supplier credit financing facility from the UK Export Finance, the UK's official export credit agency. Under this facility, the UK Export Finance would provide a guarantee to a bank either to:
- serve as a loan to an overseas buyer to finance the purchase of capital goods and/or services, worth at least £25,000 from an exporter carrying on business in the UK
- cover payments due under bills of exchange or promissory notes purchased by a bank from an exporter carrying on business in the UK, who has received them in payment for capital goods and/or services supplied to an overseas buyer worth at least £25,000 - known as a supplier credit bills and notes facility
You might also consider lines of credit, which cover a series of contracts instead of one. Depending on the amounts of money involved, lines of credit are based on either the buyer credit or supplier credit financing facilities. They are available for contract values of £25,000 and above.