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Chinese SME’s seek alternative sources of funding

Great to get home to China to meet the family, two weeks of home cooking. Discussing with a lot of businesses I found that the exporters in the Chinese SME sector are seeking a way for funding from non-traditional banking organizations.

This is in order to cover the short-term accounts receivables and satisfy larger oversea orders, the invisible cost of the finance is from 1.5-2% per month. So, if your export partners from China are struggling under these circumstances Growcap can provide a supply chain finance or trade finance solution! We have £15 million ready to deploy immediately.

As a business when you import goods from abroad, you are often required to pay for the goods in advance of them being shipped. Trade finance facilitates the payment of the goods and reduces the risks involved in international trade transactions.