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FINANCE & GRANTS FOR EXPORTERS Are you worried about extended payment terms with international retailers and distributors? Invoice discounting can help you to manage your cash flow.
touch with your invoice discount provider and generally within 24 hours you will be able to access your funds, namely an agreed % of your invoices. The payment will be collected from your customers on your One of the biggest challenges our members behalf and you will be paid the remainder, face when trading internationally is getting minus any fees as agreed with you in paid upfront by overseas buyers. advance. For example, working with the larger U.S. Grants (Technical Assistance for Micro retailers can be an incredible opportunity Exporters) by Local Enterprise Office (LEO). given the scope of potential orders, however in many cases their payment TAME Grants are suitable for first time micro terms can extend up to net 120 days. In exporters. They will part-fund the costs order to avoid this and not miss out on that can be incurred in investigating and the opportunity, one option to consider is researching export markets, e.g. exhibiting Invoice Discounting. This allows exporters at Trade Fairs, preparing marketing material to receive their payments upfront through and developing websites specifically a third party while establishing good and targeting overseas markets. Grants cover solid working relationships with their foreign 50% of eligible costs (net of vat) to a max customers by accepting and working within of €2,500. their payment terms. Invoice discounting will allow you to get Who can apply for this grant? access to working capital, before you are paid, when selling your products and • Enterprises not employing more than 10 people services to customers abroad. There is generally no limit to the funding available • Enterprises located within the geographic location of the Local as it’s based on the purchase orders you Enterprise Office receive. Accessing Financing is simple and only • Enterprises operating in the commercial sphere requires a few steps. The first step is to invoice your customer as normal. Get in • Enterprises must demonstrate a market for their proposed product/ service • Enterprises engaged in manufacturing or internationally traded services • Innovative businesses with prototype products • Enterprises who have not received any funding from another source
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