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Inventory Financing
Corporate Banking department has a mandate to ensure excellent relationships with our multi-nationals and large corporate clients, while delivering a wide range of investment banking products and services.We are positioned with the financial capacity. To ensure our clients credit and marketing needs in the various sectors of the economy are surpassed though our our head office and various corporate branches all over the countryFeatures/Benefits Inventory Financing involves financing of mainly finished manufactured goods, raw materials [exceptionally] and general goods with high secondary market value. Commonly extended to rapidly growing companies whose growth typically requires constant cash outlay. This type of facility requires regular monitoring for compliance with loan covenants The borrower draws against the line as new inventories are created and repayments are from collection of the account receivable on a continuous basis.
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