Legion Trade Finance (LTF) is pleased to announce continued expansion with three new deals worth £2 million in the last month.
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Legion Trade Finance (LTF) is pleased to announce continued expansion with three new deals worth £2 million in the last month.
A facility of £500,000 was agreed with a client which provides aftermarket spares to the global diesel generator industry. The business needs to maintain high stock levels of fast moving items and LTF’s funding has enabled it to purchase additional goods for immediate delivery to specific customers worldwide.
In a second deal, a niche independent telecoms intermediary has been provided with up to £1.2 million in supplier finance to enable it to meet daily payment runs.
Finally, a third client, a diversified engineering group, has secured funding of £250,000. LTF’s funding will allow the group to purchase additional consumables and other stock to speed up production to meet specific contracts and customer orders.
Robin Smith Chairman at LTF, said: “We have recently seen a change in attitudes towards alternative finance. The government consultation to expand business beyond the traditional lending sources has been well covered in the media. This has resulted in trading businesses seeing the benefits of using trade finance solutions.”
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