Anglo Cape Confirming
Loan in Cape Town

Grow your business by using a trade finance facility. Contact us to find out how we can assist you. Simply put, trade finance enables a business to acquire products that it needs to conduct operations. Typically in a wholesale/distribution business, this would be stock, machinery and in a manufacturing concern this would be raw materials. We are a small, flexible company. We will assist you by paying your suppliers, freeing your current day to day business bank account. For example, an importer and distributor of brushware would use a trade finance facility to import mops and brooms.

Trade Finance is designed to assist with the purchase of inventory. It is a means of short-term finance over and above your existing bank facility. Anglo Cape has been providing trade finance services to the Western Cape and South Africa since The size of Anglo Cape ensures that new applications are processed swiftly and credit decisions are made within 5 days. Anglo Cape is small enough to nurture close relationships with their clients and to offer flexible solutions to match their clients’ needs. He then moved to Cape Town to run the Cape Town branch for 10 years. Malcolm has a wealth of experience in trade and equity finance and he oversees the business with regards to approving new clients and focussing on relationship management. Typically in a wholesale/distribution business, this would be stock, and in a manufacturing concern this would be raw materials. For example, an importer and distributor of brushware would use a trade finance facility to import mops and brooms. This is not a criticism of the banking industry’s approach, but it can and does provide a growth constraint. The facility can be used for both local and international transactions. In the case of international transactions, Anglo Cape Confirming has many years experience of opening letters of credit where these are required. A growing tend is for overseas suppliers to demand the whole or a portion of the purchase price to be paid in advance and again this is an aspect that we are familiar with and equipped to undertake. Anglo Cape Confirming has been providing trade finance since 1994 in Cape Town. Anglo Cape Confirming (Pty) Ltd. offers trade finance and bespoke financial services for small to medium sized businesses in South Africa. Anglo Cape’s size allows us to nurture close relationships with our clients and develop a detailed understanding of their business in order to tailor a financial solution that best fits their short-term financial requirements. We explained that typically, a bank overdraft facility is used to bridge the time period between cash flow out and cashing coming back in. Typically, overdraft facilities are fixed at a certain level, and because of the inherently conservative nature of bank lending practices in South Africa, it is not always easy to increase an overdraft, and. Existing bank facilities are normally used to fund the daily operations of the business, e.g. to pay rent, salaries, wages, electricity, vehicle expenses and so on. It is in these circumstances, especially when the business is growing, that a separate trade finance facility, which does not affect your existing bank facilities, may provide the correct financing option. In the example used in Part I, we showed how Anglo Cape could make the payment to your supplier, and then draw an invoice on you (in S.A Rand to avoid currency fluctuations during the 90 days) at up to 90 days. Although this is the standard model, we did mention that it is possible to vary this model. It is also possible to tailor our invoices to suit your cash flow. There are of course other variations, with the overall message being that a separate trade finance facility of the type offered by Anglo Cape can be tailored to your business’ particular requirements. There are various definitions to be found online as to what trade finance is.