Alternative investment management firm specializing in trade finance deals
Established in 2019 in New York, Hommocks LLC is an investment management firm offering short term commodity trade finance to small and medium-sized companies.
Borrowers receive working capital finance by pledging and assigning their receivables and inventory. Each loan amount is up to $50 million and the tenor is up to 120 days.
Acting as an intermediary, Hommocks has access to a large capital base represented by institutional investors, private funds, and merchant banks.
Trade finance is the advance of funds against a flow of goods from the seller to the buyer. In business, a timing difference always exists between the receipt of goods and payment for goods. Time lag costs money. Trade Finance solves this for sellers and buyers.