Trade Finance is often said to be the world’s oldest financial product, because traders have always needed to buy goods before selling them.
A Trade or Stock finance facility from Seneca Trade Partners bridges this structural cashflow problem – helping buy goods or materials for our clients so they can trade with their customers.
With Seneca, the main difference between Trade and Stock finance is whether the goods are pre-sold or not, and we have a solution for both situations.
Some of our clients operate a straightforward trading pattern in which they receive confirmed orders and the goods go straight to the end customer once they arrive; a Seneca facility can fund these goods straight through to the customer.
For others the process is more complicated, with goods not being pre-sold, or a manufacturing or assembly process being necessary; Seneca can fund these goods or materials too.