First of all, if you are a foreign trade enterprise and your counterparty is an overseas enterprise, it is actually very simple to start trade financing. According to your sales contract, apply to the bank for trade financing credit, and the credit line is determined according to your contract amount. The loan process is relatively simple. Submit your application for trade financing to your main trading bank, and then provide various documents and certificates according to the requirements of the bank. Finally, the bank will provide you with the funds you need and supervise the whole transaction process. After your funds are withdrawn, the bank will automatically deduct them from your account.
If you are a domestic trade enterprise and your opponent is also a domestic trade enterprise, you can apply for a working capital loan, apply to your main trading bank, explain the loan purpose and repayment plan, and the bank will investigate your opponent. If your enterprise has sufficient financing channels, strong repayment ability and no record of default, then you can naturally get this loan.
In both cases, you need your contract, but it is also an indispensable and important document, such as basic information. If you have any questions, please feel free to communicate.