STENN International is a United Kingdom based trade finance provider with offices and representatives worldwide.
STENN focuses on supply chain finance programs for manufacturers and importers in the U.S which create working capital. STENN pays suppliers in Asia, Latin America or other emerging markets at shipment, giving buyers extended payment terms of up to 120 days. Buyers can receive goods and convert them to revenue without tying up capital or lines of credit.
STENN International provided a $7 million supply chain finance facility to a U.S. based meat distributor.
STENN's program enables the client to procure inventory from Australia for distribution in Greater China. The distributor is able to buy goods on 60 day open account terms while the supplier gets paid at sight. This deferred payment is an essential tool to alleviate cash flow constrictions caused by a long sales cycle.