Credit & Loans

Access our Long and Short Term Loans designed to meet your specific financing needs.
Strategies that suit the wake of the financial crisis need revision. Otherwise, there is a risk of economic growth by actually reducing net economic benefit





Access a range of long-term and short-term loans designed to meet the specific financing requirements of your business. Use our Loan and Credit solutions to finance capital investments and business growth, and get working capital to improve your cash flow, or Manage day-to-day expenses more efficiently. Our specialists have a wealth of Custom Experience loan programs to meet the requirements of all types and sizes of organizations..

Discovery

Minimize the risk of unplanned overdrafts. improve the management of your cash flow by having the ability to easily access funds.

Renewable credits

Boost working capital to cover short-term or day-to-day expenses by drawing, repaying and redrawing cash as needed within the confines of the facility..

Contractual Documentation and Letters of Credit

The sales contract will often list the mode of transportation, and other documents the importer has to clear the goods at customs and meet other import requirements, when they arrive. The exporter will generally have to submit all these documents to trigger the importer's obligation to pay. The list of documentation therefore requires attention so before signing, it is important to ensure that all required documents are available and can be produced. If the wrong documentation is provided, or the documentation contains errors, the importer may refuse delivery. In addition, delays and additional costs resulting may be held for the responsibility of the importer.

Obtaining the right of documentation is particularly important if the payment is made under a letter of credit (LC). These are irrevocable (usually) commitment to pay on presentation of certain documents before the expiry date indicated in the LC. CLs are usually issued by banks shortly after a sales contract is signed. They give an exporter greater certainty that they will be paid to the point that they ship the goods, because as long as the exporter can present the appropriate documents to the issuing bank before the expiry date of the LC, the issuing bank is obliged to pay.

Given this responsibility, banks check the documents submitted under letters of credit very carefully to ensure that they comply with the terms of the letter of credit. It is therefore extremely important for exporters to verify that the required documents are those that they will be able to deliver before the expiry of the LC. If there is a delay in shipping, or documentation changes in any way, the terms of the LC should also be changed to match. It is important that this be done as soon as possible, to ensure that the amended Letter of Credit is received before the goods are shipped.


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