This division concentrates on the needs and aspirations of our clients and potential customers whose focus is on the retail and consumer aspect of our economy.
It is responsible for providing a wide range of services through our existing generic and specialized product lines for example the Inventory Financing.
FEATURES AND 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.