Reply To: I’m looking for ways to get the best possible deals on trade finance, but I’m not sure where to start. What are some key things that businesses should look out for when negotiating with lenders and other finance providers, and how can I ensure that I’m getting a fair deal?

[Aashiq Rasool]

When applying for trade finance, negotiating business financing is essential for securing favorable rates and better terms. Interest rates, prepayment terms, and personal guarantee provisions are key areas to negotiate. This step is crucial as businesses aim to secure finance on favorable terms and pricing.

Being well-prepared and knowledgeable about fee structures can help negotiate favorable terms. Seeking advice from local trade bodies can provide insights into avoiding risks and understanding loan and insurance charges and structures.