Short-term credit facility, that is up to 1-year term, renewable, to finance Working capital.
This credit line allows you to borrow, repay and ask to borrow up to the approved limit of the product during its term.
It provides immediate availability of funds.
The monthly payment includes interests rate and FECI (if applicable). Principal payment could be monthly or maturity.
The payment of principal will vary according to the needs of cash flow, operating cycle and the size of the company.
- Financings according to the needs of each business flow
- Strengthens the company's working capital and cash flow
- Financing of the receivable accounts
- Allows to acquire inventories
- Allows to obtain discount benefits to suppliers for prompt payment and cash purchases
- Competitive rates and terms according to the financial strength
- Opportunity to fund specific needs nonrecurring of Working capital
- Online Banking access to queries and payments
- Direct advice by trained staff
- Audited Financial Statements of the last three (3) years
- Good credit references
- Demonstrate ability to pay according to the requested amount
- Present appraisals of the goods given in guarantee
- Once approved the credit facility we will require additional documents