Food Finance (SIC 10)

Need finance for non-perishable or dry food which you're importing from abroad? Look no further.

Trade Finance Global / Finance Products / Food Finance (SIC 10)

What is Food Finance?

We understandF the intricacies and needs of food finance for both small and large food companies that focus on customers, vendors and suppliers throughout the sector.

Food Finance

Our team has the ability to work across the spectrum in the food industry and are dedicated to structuring a food financing package that is tailored to your individual requirements. We work to provide a number of options depending on the asset, such as finance and operating leases, hire purchase, as well as funding for asset backed mergers and acquisitions, including relocation and factory refurbishment. Our strength within the industry allows us to assist you to progress with your business.

Please note, we cannot finance perishable food stock.

Types of Food

Key food types include:

Trade Finance Requirements
  • Your business is looking for £50k+ trade finance
  • You want to import or export stock and have suppliers/ buyers
  • Your business is creditworthy
  • Your business trades non-perishable food stock
How the transaction works

When a business wants to trade internationally, the exporter would typically want to be paid up front by the importer. The bank would issue a Letter of Credit, which guarantees this payment to the exporter upon receipt of documentary proof that the goods have been shipped. This is then repaid once the importer has paid for the goods, which could be anything between 1-6 months later.

What is the SIC Code for Food Finance?

The SIC Code is 10 (Manufacture of Food Products)

Other SIC Codes that could also be used are:

  • 10320 Manufacture of fruit and vegetable juice
  • 10390 Other processing and preserving of fruit and vegetables
  • 10410 Manufacture of oils and fats
  • 10420 Manufacture of margarine and similar edible fats
  • 10511 Liquid milk and cream production
  • 10512 Butter and cheese production
  • 10519 Manufacture of other milk products
  • 10520 Manufacture of ice cream
  • 10612 Manufacture of breakfast cereals and cereals-based food
  • 10620 Manufacture of starches and starch products
  • 10710 Manufacture of bread; manufacture of fresh pastry goods and cakes
  • 10720 Manufacture of rusks and biscuits; manufacture of preserved pastry goods and cakes
  • 10730 Manufacture of macaroni, noodles, couscous and similar farinaceous products
  • 10810 Manufacture of sugar
  • 10821 Manufacture of cocoa and chocolate confectionery
  • 10822 Manufacture of sugar confectionery

Testimonials

I was helped by Trade Finance Global to access capital when the company was in desperate need of a facility. Our food distribution company was expanding and opening new accounts, but we could not access capital to fulfil the orders. We’ve been able to grow our company and can now offer more food products at competitive prices.
Guy Charles, Food Distribution Company.

Case Study

Food Distribution Company, Manchester

A small company situated in Salford that distributes food to UK retail from US manufacturers was rapidly expanding. The client required a facility to expand their business and go into more retail chains; having confirmed orders that they could not finance. They were assisted with creating an import facility which has grown as the business expands.

Get in touch with our finance experts. Enquire now.

First Name*

Last Name*

Your Organisation*

How much trade finance are you seeking?*

Your Email*

Telephone Number*

Briefly, what type of stock or trade are you looking to finance?

food finance, trade and stock finance, export and import finance, non-perishable food products finance

First Name*

Last Name*

Your Organisation*

How much trade finance are you seeking?*

Your Email*

Telephone Number*

Briefly, what type of stock or trade are you looking to finance?

Benefits

  • No security or personal guarantee required
  • Food finance available even if the banks refuse finance
  • Our partners get you the best rates on the market
  • Fast turnaround – get food finance in 24 hours

What is Trade Finance?

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Brand Name
Trade Finance Global
Product Name
Food Finance (SIC 10)
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