LPO Financing

  • Home
  • LPO Financing

LPO Financing

Sometimes being a contractor requires delivering to your client under such notice even while working on a tight budget. LPO Financing is designed for you to have access to quick funds required to execute, purchase and supply orders from credible companies. This product offering ensures continuity of operation as immediate working capital needs are met.
  • Benefits and Features
  • Requirements
  • Apply Now

Features

  • • Gives customers ability to carry out supply orders within a given time frame.
  • • Subject to a tenor of 90 days with a possible renewal for 30 days.
  • • Gives customers access to working capital.
  • • Supports short contract and supply of equipment.
  • • Loan amount cannot exceed 70% of contract of supply.

Requirement

  • Know the Project/Products
    • • All order must be legal items (No service).
    • • Supply paper for the LPO.
    • • Purchase Order which must be valid and confirmed.
    • • The letter of confirmation of invoice must state details and time of payment.
    • • Previous LPO to prove performance.
    • • Equity contributions of 30%.
    • • Irrevocable Tripartite domiciliation letter.
  • Know the Business (KYC Purpose)
  • Know the Owner (KYC Purpose)