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L.P.O Financing Print E-mail

LPO FINANCING:

LPO
L.P.O Finance
(LPO) Financing is designed to meet the working capital needs of contractors and vendors of reputable organizations. The Bank can study their contract/orders and consider advances against the said contract/orders or the appropriate amount of outstanding due for payment. Those with legitimate LPO's, the Bank will finance against them. By presenting the Local Purchase Order (LPOs), the Bank can provide funds to the customer and the proceeds (from the order) are used to liquidate the facility. Likewise for the outstanding receivables.

Features:-

The key features are :-
● Funds are provided for the purposes of expanding business by borrowing against
LPOs and Receivables.

Requirements/security:

·Local Purchase Order from the issuing company
·Formal Application Letter from the customer
·Company Profile and Registration Documents
·A well executed and confirmed Domiciliation Letter from the issuing company, and/or shares.
 
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