Types
- LPO financing
- Overdraft facility
- Term Loan
- Invoice Discounting
Features
- 10% Equity Contribution
- Stock Hypothecation
- Loan period – 30 - 180 days
- Interest rate: 5% flat
- Upfront fees: 4%
Requirement
- Evidence of place of Business (Shop rent)
- Cash flow analysis/ statement of account (6Months)
- Utility Bill of place of business and residence
- Passport photograph and valid means of identification
- Guarantors
Guarantors Requirements
- One passport photograph and valid means of identification
- Evidence of being employed or being a business owner
- Home utility Bill
- Executed Personal Guarantee form