Gulf Finance Launches Trade Finance Solutions for SMEs
Gulf Finance Corporation, a wholly-owned subsidiary of SHUAA Capital and a leading provider of growth finance to SMEs and micro businesses, has launched its own suite of trade finance solutions to help support the business requirements of clients engaged in imports and exports.
“The UAE has developed into a regional trading hub and our research shows that there is a gap in the market for the position of Trade Finance services to SME’s and micro businesses’” commented, David Hunt, CEO of Gulf Finance.
“By launching our trade finance facility we hope to close this gap by fulfilling SME’s requirements for both short and long-term liquidity, making it affordable and accessible for SMEs to engage in real cross-border trade transactions. Our own market research, the recently launched Gulf Finance SME Sentiment Survey, tells us that 20% of our customers are looking to expand into new markets.”
The available trade finance solutions include Letters of Credit, Bonds and Guarantees, starting at a minimum of AED 50,000 for a minimum period of 30 days. Gulf Finance has a dedicated and experienced team specialized in trade finance to support this funding initiative. The team offers advice regarding risk and credit terms, and is able to tailor schemes to suit the individual client.
Founded in 1997, Gulf Finance offers a broad range of financing solutions to UAE-based SMEs and has lent over AED 4.5 billion to more than 1,600 clients. The Company’s offers an extensive product suite consisting of Small Business Loans, Business Vehicle Finance, Commercial Finance including working capital, asset finance and invoice finance, Medical Equipment Finance and Marine Finance.