A mid-sized logistics firm specializing in importing machinery from Asia was hit with an unexpected delay. Their shipment, valued at over €200K, was stuck in customs due to unpaid VAT and duties. Cash reserves were low after a major fleet expansion, and traditional financing would take weeks, time they didn’t have.
🛑 The consequences:
- Daily storage fees at the port draining their budget
- Risk of penalties and contract cancellations from buyers
- Operational downtime with idle trucks and staff
Their freight forwarding partner warned that unless customs fees were paid within 72 hours, the shipment would be seized. No bank was able to process financing in that timeframe.
How SimpelFin Stepped In with a Fast-Track Trade Finance Solution
They contacted SimpelFin and were onboarded within 24 hours. No collateral was required. Within 48 hours, SimpelFin wired the full amount directly to customs, including VAT and clearance charges.
✅ Impact:
- Shipment cleared and delivered within 72 hours
- No client contracts lost
- Zero disruption to operations
- Strengthened relationships with overseas suppliers
Thanks to SimpelFin, the company maintained their reputation for reliability, protected over €750K in downstream revenue, and avoided a six-figure loss.
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