VoIP Finance (SIC 61200)

Trade Finance Global

Trade Finance Global / Finance Products / VoIP Finance (SIC 61200)

What is VoIP Finance?

We work with VoIP trading companies who buy and sell VoIP data cross border. We assist with the financing of their transactions. Many VoIP companies trade on their own balance sheet – this means that growth is slower and more difficult. We work with traders in order to structure a financing package that suit their needs.

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.

VoIP Finance Requirements
  • You have an established VoIP trading company
  •  You are looking for a tech finance facility
  •  The business is creditworthy
How the transaction works

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

Top 10 Trade Finance Questions

Case Study

VoIP Trader, London

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.

Speak to our trade finance team

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

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About the Author

Mark heads up the trade finance offering at TFG where his team focuses on bringing in alternative structured finance to international trading companies. Prior to joining TFG (tradefinanceglobal.com), Mark qualified as a lawyer with a top ranked global trade and structured commodity finance team.

Mark has previously advised commodity trading firms, banks and alternative capital providers on international structured trade financings, pre-export, prepayment and limited recourse structures – notably in the oil, soft commodities and metals sectors. This has included mining finance projects, structured letter of credit facilities, receivables discounting and forfaiting agreements.

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