Stock Replacement Facility

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