A CASE STUDY
- Funding amount requested from the company: $225 million
- Item: metals
- Finance solutions: receivables purchase facility
A metals trader required a receivables finance facility for a book of their receivables/customers.
The group purchased commodities from Africa, the US, and Europe. The business then also sold to Europe.
At the time the firm approached TFG, they were paying for product using existing company funds or taking capacity on existing banking lines.
TFG raised a receivables finance facility for up to 120 days on each draw to support the book’s growth.
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