Working Capital Support – Have You Considered The General Export Facility?

Julie Mole, Director and Debt Advisory - Crowe UK
 
We continue to live in challenging times with businesses facing many demands such as supply chain issues, staffing and rising energy and fuel costs.
This can lead to cashflow pressure and many will turn to their Bank for traditional support, such as an Overdraft or Invoice Discounting. However, there may be another way to fund your business through the UK Export Finance (UKEF) product offering, particularly if you are a growing business. There are a number of ways UKEF may be able to help, we will focus on The General Export Facility, which has already helped a number of businesses.
 

 
So How Can It Help?
The General Export Facility (GEF) provides partial guarantees to banks to help UK exporters to gain access to trade finance facilities. The working capital requirement does not even have to be export related, as long you have recently exported you may qualify.
 
The Qualification Requirements Are:
Evidence, in e...