An import loan is provided to enable you settle obligations under documentary credits or collections.
Bridges the gap between payment for imported goods and receipt of funds through subsequent sales.
Gives you greater flexibility and liquidity
Ensures no business opportunities are missed due to inadequate cash flow
Timely payments to suppliers will enhance your business reputation
- You can extend your credit period beyond those given under Documentary Credits and Documentary Collections
- Your negotiating position with suppliers is strengthened as you’re able to accept quick payment terms
- A choice of two types of Import Loan:
Loan Against Import – available when you’re trading under Documentary Credit or Documentary Collection terms
Clean Import Loan – rather than being triggered by the receipt of a Documentary Credit or Documentary Collection, the advance is made on presentation of supplier invoices and evidence of shipment only