Sales Financing (Cheque Discounting)

Definition

We offer you ceilings for discounting commercial cheques resulting from the sales operations of your company, where the cheques resulting from sales operations are liquidated at certain percentages determined by the bank.

Conditions

• Subject to the terms and conditions approved by the bank.

Advantages

• The period of the facility is a ceiling that is renewed every year on the due date, and the repayment period for each disbursement within the ceiling depends on the dates of cheques collection.
• The guarantees are subject to the bank's evaluation and decision, including: personal and legal guarantees, real estate mortgages, and vehicle mortgages.

Required Documents

• Bank statement for the last year.
• Financial statements for the last two years at least.
• A recent and valid professions and trades license.
• A recent and valid registration certificate.
• Other documents required by company type.

* Subject to the Bank’s terms and conditions.