Gulf Finance Corporation, a wholly-owned subsidiary of SHUAA Capital and a leading provider of growth finance to SMEs and micro businesses, has launchedits 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 Financehas a dedicated and experienced team specialized in trade finance to support this funding initiative. The team offersadvice regarding risk and credit terms, and is able totailor 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.
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About Gulf Finance Corporation
Gulf Finance Corporation, a wholly-owned subsidiary of SHUAA Capital, is a leading business finance company that provides funding solutions to small and medium sized enterprises (SMEs) in the UAE. Gulf Finance was founded 18 years ago and specializes in lending to the power, oil & gas, healthcare, manufacturing and logistics sectors. It offers a broad range of funding solutions such as small business loans, commercial finance, business vehicle and equipment finance, trade finance and marine finance. Gulf Finance has office presence in Dubai, Sharjah and Abu Dhabi and serves customers across the UAE. Gulf Finance is headquartered in Dubai.
For further information please contact:
Brunswick Gulf
+971 4 446 6270
shuaa@brunswickgroup.com
© Press Release 2015
