The practical answer
The lender needs an agreed payment route and sterling funding amount; exchange-rate changes can alter the cash needed to complete.
Provide the currency, payment dates and whether the supplier fixes a sterling price. Ask who handles conversion, bank charges and any difference between the approved amount and the eventual invoice value.
Do not assume the lender locks an exchange rate when it approves credit. Discuss any currency exposure with the appropriate adviser and obtain written confirmation of the payment arrangements.
Commercial finance is subject to status, lender approval and the specific asset and transaction. The right structure depends on the complete circumstances of the business.
What should I do next?
Have the asset details, supplier information and an outline of what the business needs ready. DCF can then discuss the requirement and identify which lenders may be suitable.
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CNC & manufacturing finance — For production machinery, tooling and commissioning plans.