Business Banking

Financing Stock Program

This program will provide funding to achieve the customer’s plan, withdrawal by remittances, checks issued in favor of suppliers

Program Terms& Conditions:

  • Finance up to 2,000,000 EGP.
  • Finance will be covered with checks drawn on its good customer by 130% of the value of the existing debt balance.

Tenors:

  • Max 3years, reduce annually by 20%to be fully repaid at the end of the repayment period.

Guarantee:

  • Issuance credit guarantee letter from credit Guarantee Company.

Additional document:

  • Undertaking  to pay the issuance fees of credit guarantee letter
  • Undertaking to furnish a statement on monthly basis to review the operating position and make sure that finance accomplishes its objectives.
  • Undertaking with the minimum turnover to the funding.