Wyelands Bank completes USD 12 mln trade finance deal

The facility will help the global peanut supplier to trade, grow and create jobs. It will also help to eliminate the working capital gap and enable the firm to complete more orders.

Wyelands Bank partners with small and medium businesses, providing the working capital solutions they need for trading purposes. The UK-based bank is focused on fields such as trade finance, supply chain finance (providing customers, and particularly their sellers, access to a credit facility which releases working capital for their whole supply chain), invoice finance, receivables finance, asset finance (short-term loans using company assets) global trade, inventory finance (short-term loans using existing inventory, such as materials stored in warehouses, as collateral.), fixed rate savings accounts, and notice savings accounts.