About Tender Financing
Short term loan from 1 to 6 months which is granted to business owners and companies having tenders or procurement contracts from government or private sector clients, but cannot access quick funding from traditional banking institutions. This includes the purchase order Finance option for businesses that need cash to meet single or multiple customer orders.
Features
- Financing up to 60% cost of goods or services to be supplied against a signed contract or a genuine local purchase order.
- Repayment flexibility.
- Repayment term up to six months.
Benefits
- Assurance for tender execution.
- Short turnaround time of 1-2 days.
- Attractive interest rate.
- Simplified and flexible security requirements.
Requirements
- Company Registration Certificate.
- Business license & TIN.
- ID copy of the applicant and his/her guarantor.
- Procurement contract, sub-contract or purchase order.
- Collateral title documents.
- Bank statements for the last 6 months.
- Pro-forma invoice or quotation from the suppliers (if any).
- List of completed past contracts (if any).