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Bridging finance for foreign or local goods

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Secure payment for goods being manufactured or imported, and start your main finance plan on collection.

 

 

Some of the benefits

Leverage

Rely on foreign suppliers being more open to deferred payments from a large bank

Flexibility

Adjust the terms of your agreement if there’s any unforeseen delays or price changes

Compliance

Ensure you meet all exchange control and excise regulations with our help

Buy or lease

On collection, choose an instalment sale, or a financial lease agreement with us
What you get
  • Negotiation of supply terms on your behalf
  • Progress payments to your local or international suppliers
  • Flexible repayment terms to suit your cash flow
  • No impact on your letter of credit or forward exchange facilities
  • Preparation of importation documents and instructions
  • Guidance on import permits and letters of authority from the dti
How it works
  • We import the capital goods on your behalf
  • Your repayments are limited to interest until collection
  • Payments to foreign suppliers are made by letters of credit (sight and usance)
  • A single interim agreement can apply to multiple local and foreign suppliers
  • We liaise with your supplier and clearing agents for documents and instructions
  • We pay for the forward cover and the customs VAT on your behalf
  • We facilitate progress payments and issue payment guarantees to local suppliers
  • Your main finance plan begins one you’ve received your goods and we’ve made final payment to your supplier
What it costs
  • Initial payments are negotiable*
  • Payment terms are negotiable
  • Balloon payments are negotiable
  • Monthly repayments are made via debit order

*Subject to equity requirements

How to get it

If you already have a Business Current Account

  • Speak to your business banker

If you don’t

 

  • What you get
  • How it works
  • What it costs
  • How to get it
  • Negotiation of supply terms on your behalf
  • Progress payments to your local or international suppliers
  • Flexible repayment terms to suit your cash flow
  • No impact on your letter of credit or forward exchange facilities
  • Preparation of importation documents and instructions
  • Guidance on import permits and letters of authority from the dti
  • We import the capital goods on your behalf
  • Your repayments are limited to interest until collection
  • Payments to foreign suppliers are made by letters of credit (sight and usance)
  • A single interim agreement can apply to multiple local and foreign suppliers
  • We liaise with your supplier and clearing agents for documents and instructions
  • We pay for the forward cover and the customs VAT on your behalf
  • We facilitate progress payments and issue payment guarantees to local suppliers
  • Your main finance plan begins one you’ve received your goods and we’ve made final payment to your supplier
  • Initial payments are negotiable*
  • Payment terms are negotiable
  • Balloon payments are negotiable
  • Monthly repayments are made via debit order

*Subject to equity requirements

If you already have a Business Current Account

  • Speak to your business banker

If you don’t

 

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Understanding your risk profile
Environmental
Environmental

Risk that mostly refers to the industry in which you plan to set up your business and your customers.

Financial
Financial

Risk that’s determined by the financial state of your business, and the security that you’re able to offer.

Management
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Risk that takes into account the skills, commitment and abilities of the owners and management of your business.

What you need to apply
What you need to apply

Knowing up-front the information we need from you will help your application process run as smoothly as possible.

Environmental

Risk that mostly refers to the industry in which you plan to set up your business and your customers.

Financial

Risk that’s determined by the financial state of your business, and the security that you’re able to offer.

Management

Risk that takes into account the skills, commitment and abilities of the owners and management of your business.

What you need to apply

Knowing up-front the information we need from you will help your application process run as smoothly as possible.