UKEF revamps buyer finance support to tap alternative financiers for SME exports
UK Export Finance (UKEF) has overhauled its supplier credit facility programme to make its support more accessible to the large proportion of SME trade that is financed by non-bank lenders. Launched this week, the British export credit agency’s new standard buyer loan guarantee (SBLG) allows it to guarantee a loan of up to 85% of a UK company’s export contract value, enabling British exporters to get paid upfront while their overseas buyers can repay the loan from their lender over a longer period. The SBLG’s predecessor facility was only available to financiers who had entered into an ...
Source: gtreview.com