L.P.O Financing
Designed to provide funding for local contractors and suppliers to credible organizations.
About L.P.O Financing
The product is designed to provide funding for local contractors and suppliers to credible organizations.
L.P.O Based Financing
Get funded based on your Local Purchase Orders from credible organizations
Secure Process
L.P.O verification and confirmation ensures secure transactions
Quick Disbursement
Fast approval and disbursement process to meet project deadlines
Business Growth
Fulfill contracts and grow your business with adequate financing
Who Can Apply?
Our L.P.O Financing is available to the following beneficiaries:
Requirements
General requirements for L.P.O Financing:
Opening of a current account with initial deposit/minimum balance
Account to be operated for a minimum period before a facility can be considered
Hand written application letter from the client with the original copy of the L.P.O attached
Verification and confirmation of the L.P.O. from the issuing company
Provision of 6 months statement of account
Security/Collateral (preferably Jewellery)
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) of the obligor
Guarantee form duly filled and witnessed
Guarantors' ID card, call card and 2 passport photographs from both guarantors
Guarantors' post dated cheque(s)
Offer Letter to be signed upon Approval of facility and duly witnessed by a third party
Other Requirements for Corporate Bodies
Provision of both Memorandum & Article of Association
Company profile
Board Resolution approving the loan
Board member Guarantee for the loan other than the officer of the company applying for the facility
Corporate Guarantors with good network
Ready to Finance Your L.P.O?
Get the funding you need to execute your contracts.