What is VoIP Finance?
Trade Finance Global has extensive expertise in VoIP and our customers can be confident that we are well positioned at the heart of the industry; working with a number of the best funders in the market. VoIP is seen by many as ‘tricky debt’ and not straightforward like other asset classes.
Those that we work with have an in-depth knowledge of the VoIP market and we have the ability to offer flexible finance arrangements that work with many different types of companies. We have worked with one-man companies to larger and more established VoIP traders. We see every client as unique, and try to identify what the needs of the client are; structuring a suitable financing package in order to work with them.
- You are looking for a finance facility
- You have an established VoIP trading company
- The business is creditworthy
When a company trades VoIP in international jurisdictions, the supplier usually wants to be paid within one day (one day post-payment) by the trader and depending on the end buyer terms (e.g. 7 net 7 or 14 net 14), the trader may be waiting a month or two for payment. When cash is used, there are gaps between receipt of payment and paying the supplier of data. In order to reduce the payment gaps, allow smooth trading and growth; a trade finance facility and/or invoice finance or factoring facility may be used.
What is the SIC Code for VoIP Finance ?
The SIC Code is 61200(Wireless telecommunications activities)
Other SIC Codes that could also be used are:
- 61100 Wired telecommunications activities
The company was a growing VOIP trader but were only dealing with one end customer. The problem that the company had was their desire for diversification of risk and dealing with more end buyers. It was decided that bringing in a facility on the trade side to start, would allow fast advances in the business. VOIP finance allows the company to have confidence when dealing with suppliers and end buyers. This allows the winning and delivery of large contracts and ensuring a more solid expansion of the business.
Benefits of VoIP finance
- No security or directors guarantee required
- Invoice discounting or stock finance available even if the banks may have refused
- Our partners get you competitive market rates
- Fast turnaround – get VoIP finance in less than 24 hours
Download our Trade and Invoice Finance Guides: