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.
- Max 3years, reduce annually by 20%to be fully repaid at the end of the repayment period.
- Issuance credit guarantee letter from credit Guarantee Company.
- 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.