An import loan is provided to enable you settle obligations under documentary credits or collections.
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Bridges the gap between payment for imported goods and receipt of funds through subsequent sales.
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Gives you greater flexibility and liquidity
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Ensures no business opportunities are missed due to inadequate cash flow
Other Benefits
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