Small and Medium Business Solutions

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Working Capital Finance :

Short term finance up to 12 Months, usually on revolving basis.

I. Documentary Collection Loan (DCL): to finance importation of raw material and spare parts, tenor of the loan set to match within the client asset conversion cycle, maximum up to 12 months.

II. Short Term Loan : scheduled to finance working capital needs, purchasing of raw material, taxes and utilities. Tenor of the term loan set to match within the client asset conversion cycle maximum up to 12 months.

III. Overdraft (OD): to finance working capital needs, purchasing of raw material, taxes and utilities. Although payments under the overdraft are without specific maturity it is always subject to specific credit conditions. Tenor is up to 12 months revolving.

IV. Overdraft against Commercial Papers:  receivable finance against cheques/bills via overdraft within agreed drawing power percentage. Tenor is up to 12 months revolving.

V. Discounting : discounts with recourse for cheques/bills/shipping documents value under Documentary Collection  or Letter of Credit (LC) by advancing the present value to the beneficiary. Tenor is up to 12 months

VI. Overdraft  supported by Export proceeds: Pre-shipment & Post-shipment finance via overdraft against Export LC/Contract/Purchase Order/Invoice within agreed drawing power percentage. Tenor is up to 12 months revolving.

VII. Overdraft supported by assignment of proceeds: overdraft against legally assigned contracts as a source of repayment. Tenor is up to 12 months revolving.

VIII. Secured Overdraft by Time Deposits  fully cash secured overdraft against time deposits &/or CDs, to finance working capital. Tenor up to 12 months revolving.

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