Suited to businesses that need a capital injection to fund business growth or cash flow requirements but want to fund this on the strength of their business sales, supported by export or credit insurance.
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Benefits
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- No change to security - NAB TradeAssist works with your existing finance arrangements so you can increase your access to funds without necessarily needing additional security, equity in your property or financial reporting requirements
- Greater bargaining power- immediate access to working capital upon dispatch of your sale (under your NAB TradeAssist facility) ensures you are in a better position to negotiate favourable terms with your suppliers and end buyers
- Room to grow your business- your NAB TradeAssist facility limit can grow as your business and export or domestic debtor sales grow
- Be easy to do business with - using shipment on open acccount maximises your trading flexibility
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| Features |
- Range of draw down options are available, with the standard option being financing against your outstanding debtor list (a summary of outstanding debtors covered by the credit insurance policy)
- Maximum finance term based on your individual buyer payment terms covered under the insurance policy (generally less than 180 days)
- NAB TradeAssist accommodates major insurers including AIG, Attradius, Coface, Euler Hermes and QBE
- Facility does not impact on the relationship you have with your client broker or insurance provider
- Able to accommodate export invoices and domestic sales
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More information
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