Parkway Drop & Draw (D&D)
Accessible working capital for bulk purchases, designed to be paid down from your daily cash flows.
About Drop & Draw
Parkway Drop & Draw is designed to make Working Capital easily accessible for customers to make bulk purchase and pay down from their daily cash flows. It is an ideal solution for those who deal in daily sales and need quick turnover capital.
Daily Cash Flow
Designed for traders and artisans with daily income streams
Secure Financing
Reliable working capital for your bulk purchases
Flexible Terms
10 days contribution or 1/3 of facility amount
Community Growth
Supporting traders, artisans, and apprentices
Who Can Benefit?
This product is specifically tailored for:
With daily cash flows.
Requirements
To access the Drop & Draw facility, the following requirements must be met:
Opening of a savings account to serve as operating account
10 days contribution or 1/3 of required amount of facility
Deposit of amount required to cover all charges (Processing & Management Fees)
Filling of Application and Customer Activity Report form
Provision of two (2) guarantors to be duly witnessed
Letter of Introduction from both Guarantors
Valid evidence of Identification (National ID/Driver’s Licence/Int’l Passport) for both obligor and guarantor
Execution of four (4) Absolute Bill of Sales to be duly witnessed
Execution of four (4) Pledge & Trust to be duly witnessed
Execution of a Loan Agreement
Execution of Bill of Sale Registry form
Valid shop receipt
Execution of a Deed of Sale (if required)
Execution of a Limited liability Form (if required)
Provision of Post dated cheques (Obligor and Guarantor)
Stock Valuation Report (if required)
Guarantor’s verification
Credit Search Form (if required)
Offer Letter to be signed upon Approval of facility and duly witnessed by a third party
Ready to Boost Your Cash Dealings?
Get the support you need for your bulk purchases today.