What is Scrap Metal Finance?
Scrap Metal Finance
Funders can structure trade finance solutions based on import loans, letters of credit and a foreign exchange line of credit. This will mean that you no longer have to rely on a suppliers’ credit facility, which reduces your already narrow margins. A tailored financing solution will allow you to pay suppliers with cash and this will usually allow savings across many transactions due to an improved relationship and also increasing the credit that they are offered.
How the transaction works”]When a customer wants to buy scrap metal, we will assist in creating a tailor-made financing solution at the best rate that is based on your individual circumstances. This is then repaid over time
What is the SIC Code for Scrap Metal Finance?
The SIC Code for is 46770 (Wholesale of waste and scrap)
Other SIC Codes that could also be used are:
- 24450 Other non-ferrous metal production
- 24530 Casting of light metals
- 24540 Casting of other non-ferrous metals
A dealer in scrap metal based in London who sells to customers in Europe. The client wanted financing to purchase product. Trade Finance Global assisted with creating a flexible solution to help in providing further support as the business expands.