Helping lenders and borrowers to acquire plant and machinery from abroad using bespoke funding solutions.
Challenges businesses face
‘Asset finance’ providers can only finance plant and equipment located in the UK. If an asset is imported from overseas, SMEs may require a ‘product of service’ to finance the importation of an asset into the UK. However, many Asset Funders are unable to provide ‘Capital Import Intelligence’ and importers are left exposed to unforeseen changes.
Common situations
At Ricosta Capital, we frequently encounter situations where an SME business has been able to arrange an Asset Finance facility, however as the asset is being imported, the overseas supplier requires payment prior to allowing shipment. Often the SME business does not have sufficient liquidity over and above day to day working capital requirements which may prevent the purchase of the asset.
What we offer
Ricosta Capital will arrange a bespoke finance solution to enable plant or machinery to be imported into the UK, engaging with clients to obtain a full understanding of the payment cycle, detailed’ build to delivery’ timeline, and transaction structure. We will manage all key relationships and interactions including those between the Supplier and Client, Capital Import Finance provider and Asset Finance provider.
By using our Capital Import Intelligence facility, a Supplier can accept ‘a guarantee of payment’, creating the opportunity to negotiate preferential payment terms. Above all our clients receive peace of mind, as we help protect the interests of the Importer, ensuring payments are only released to the supplier when contractual obligations have been met.
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