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Octet is a supply chain financing provider offering lines of credit for businesses that pay suppliers for goods or services provided without having to wait for your clients to pay you first. In addition to this Octet’s state-of-the-art Supply Chain Management platform makes tracking, validating and authorising every step of your supply chain transaction process, quick and easy.
Trade finance can help businesses to maintain a positive cash flow, accelerate growth, and strengthen their relationships with local and international suppliers.
3 things you should know about this loan:
Find out more below.
Transaction fee 2.5%
Upfront Fee
$8,000,000
Max. Loan Amount
1 month to 2 years
Loan Term
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Product Name | Octet Trade Finance |
---|---|
Min. Loan Amount | $200,000 |
Max. Loan Amount | $8,000,000 |
Loan Security | Secured |
Upfront Fee | Transaction fee 2.5% |
Loan Term | 1 month to 2 years |
Octet trade finance allows businesses to pay suppliers without having to wait for clients to pay them first and without having to use their own working capital to do so. This allows businesses to manage their supply chain effectively, access competitive FX rates and take advantage of potential client discounts. All while maintaining a positive cash flow.
You must have an annual turnover of at least $3 million and net assets of at least $250,000 in order to qualify for a trade finance line of credit with Octet. If you're approved, you will be allocated a facility from $200,000 to $8,000,000. Once you're approved, invite your suppliers to join Octet's secure cross-border payment platform, then start managing orders and authorising payments that Octet will process and settle on the behalf of your company.
Octet trade finance is available to businesses in the following industries:
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Octet Trade Finance offers the following features:
The following costs apply to this loan:
To apply, simply click "Go to site" to visit the lender's website directly. There, you can submit a quick one-minute application, which Octet will usually review within 48 hours.
To qualify for Octet Trade Finance, your business must:
Before you submit an application, it's a good idea to compare your trade finance business loan options to ensure that you are getting the best deal possible for your circumstances.