Procurement financing is a form of bridging credit for situations in which you have to pay for your orders in advance. By financing the purchases and so reducing the pressure upon your liquid resources, IFN Finance helps you to seize business opportunities as they arise. We always offer this service in combination with credit financing.

How does it work?

• You place an order with a supplier and inform IFN Finance.
• You choose how you wish to pay your supplier – by letter of credit, say, or by documentary collection.
• You send the orders and other relevant information to us, so that we can establish how much financing is needed.
• We contact the bank, which is then almost always able to complete the financing arrangements within 24 hours.
• Procurement financing lasts until the goods are delivered, at which point it is converted into stock or credit financing.

Why choose IFN Finance?

• IFN Finance enforces a much lower contingent liability than the banks: 20 per cent instead of their usual 100 per cent. This gives you far greater (80 per cent more) financial room for manoeuvre during the production period.
• Generous financing.
• Financing is also available for large single transactions.
• Professional advice about your procurement transactions.
• Maintenance of your liquidity thanks to ongoing financing from purchase to sale.
• Smooth transition from procurement to stock or credit financing upon delivery of the goods.

More information
Want to know more about how procurement financing from IFN Finance can help your business? Contact us, or apply for financing now.