Trade Finance for Small Business
Learn the basics of trade financing for small businesses and discover different types of trade finance solutions to improve your prospects of securing financing.
What you’ll learn
- Understand the Basics of Trade Financing for Small Business
- Learn about the different types of Trade Finance Solutions
- Learn how to Improve your Prospects of Securing Financing
- How to make your business Finance Ready
Learn about trade finance for your trading business.
The Basics of Financing
· What is financing – The best way to understand financing is to look at a financing agreement
· Who are the parties involved – The financier and the trading business directly but also the suppliers and buyers of the business indirectly
· Understand the interest rate – Interest Rate as a Risk Premium
· The Four questions financiers ask – What do you want and why? How are you going to repay the debt? Why should we believe you? What if you fail?
Financing Solutions for your trading business
· Categories of finance – Unsecured lending, trade finance, asset finance and property finance
· Business suitable for trade finance – performance risk versus finished products
· Solutions – Stock finance, invoice discounting, purchase order finance.
How to improve your prospects of securing trade finance
· Understand the state of business development – start up, growth and mature businesses
· Separation of Business and Personal Interests – clear distinction
· The Three Metrics Financiers Use – Solvency, Profitability and Liquidity
· Mitigating Risk – Supply Chain Risk. Business Continuity Planning
How to be finance ready
· Analyze the trade cycle – Understand your capital need, trade duration, cost of finance and impact of debtor payment performance
· Get your Ducks in a Row – Prepare you documents re suppliers, buyers and the business.
Who this course is for:
- Entrepreneurs running a trading entity
- Advisors to entrepreneurs with a trading entity
- Financial managers of a trading entity
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