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Will Tyrone Continue To Improve Just Like Trade In The North? 31/08/2018

With it being the All – Ireland Gaelic Football Final Weekend again, the fight for Sam Maguire returns. Current champions Dublin will take on Tyrone and it is sure to be an entertaining and, hopefully, a highly competitive game.

We decided to ask our very own Tyrone representative Alice McNally her views on the game and also how White Oak IE’s trade finance product can support businesses in the North of Ireland.

“Dublin are certainly the favourites but I think that will play in Tyrone’s favour and they will definitely ask questions of this great Dublin team. There is also a significant opportunity in the North of Ireland, in 2017 over £8.5 billion worth of goods were imported, a year on year increase of 9%, and £7.4 billion worth of goods were imported, a year on year increase of 8%. That is an awful lot of trade that requires to be financed.

“We at White Oak IE therefore wanted to make SMEs in the North of Ireland aware that we can support your business through our supply chain/ trade finance solution at competitive rates. We can facilitate customers by offering both euro and sterling for any purchases between 50K to 1M plus.

“Now is also the time to start thinking of other financing options in regards to Brexit and the impact that this could have on your clients or business. The potential requirement to hold stock for longer means businesses need to think how they will fund this without it eating into their working capital.

“If you are already sourcing from outside EU and require to pay VAT at the point of entry, White Oak IE can fund it. At present we can fund the purchase price of the sourced product, the logistics, duty and VAT. Our solution also ensures that all products meet the standard your business requires before any product is paid for.”

We can finance a whole range of products which in return will benefit you, so why not check out our supply chain and trade finance solution here or contact us through LinkedIn.

Alternatively call us on +353 1 563 4131 or +44 1245 904 066.