Are you an SME with a stable market for your imported products but your growth is hindered by lack of collateral?
Gulf African Bank has designed its SME Collateral Financing Scheme to treat the imported stocks as collateral. It accords you flexibility as you only pay for the stocks that are released to you periodically.
Increased trading capacity
Problems associated with collateral registration e.g creating legal charge are eliminated
Less reliance on balance sheets
Financing limits between 70 – 80% of the pro-forma invoice
Financing includes fiscal fees e.g. import duties, port charges and handling fees
Electrical machinery e.g. generators
Rubber tires for heavy duty commercial vehicles