The product provides flexible short term facility to meet working capital needs of the Distributors of Major Manufacturing Cement Companies in the FirstBank’s approved list of companies.
- Competitive pricing.
- Flexible collateral structure.
- Flexible tenor.
- Opportunity to increase volume of business as well as margins and rebates.
- KYC documention in place.
- Account opening requirements.
- Loan processing forms and documentations.
Frequently Asked Questions
1) What do I need to qualify for this facility?
Must provide evidence of distributorship with of the Bank’s approved Principals.
2) Do I have to be an existing customer of FirstBank?
No, but you must have been a customer of a reputable Bank for not less than 6 months.
3) Do I need to have any prior experience as a cement distributor to be financed by the Bank?
Yes, you should have been in the business for not less than one year.