u/Putrid_Load_9302

Hey everyone,

I’m currently looking for reliable financing solutions for my scrap trading business and would really appreciate any recommendations.

We operate on a back-to-back trading model (hand-to-hand, port-to-port deals) — with suppliers in the USA, UK, and Europe, and buyers in India. Since we pay suppliers upfront and extend credit to buyers until the cargo reaches destination, there’s a working capital gap during the voyage period.

Annual turnover: ~AED 25 million
Trade model: International scrap trading (no local yard/storage in the UAE)
Requirement: Invoice discounting / trade finance for transit period

I’ve explored options with banks, but most have currently paused invoice financing for this segment. Third-party financiers are available, but the rates being quoted are quite high.

If anyone has experience with:

Trade finance providers
Invoice discounting firms
Commodity-backed financing
Or alternative structured solutions

I’d really value your suggestions or introductions.

Thanks in advance!