This product is designed to provide a structured finance to traders and distributors of FMCG Principals to meet working capital needs
Features
Customer is required to make either a 20% or 30% equity contribution
Submit invoices for goods to be purchased
Payment will be made directly to the supplier
Tenor of 12 months
Benefits
Improves your cash flow by bridging the gap between the time when you must pay for imported goods and the time when you receive payment for selling them
Enables you to pay suppliers promptly, building your business credit rating and reputation
Required Documentation
Application letter
Duly completed loan application form
Certificate of registration of business entity
Invoices of goods to be purchased
Audited financials
Company’s financials
Other Banks’ statement of account of 12 months preceding application
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