These Guarantees are well suited for you (a distributor, Trader, Contractor, Fuel Station, etc.) accessing goods/ materials on credit. Instead of borrowing funds to stock goods, Finance Trust Bank can give you a guarantee which you deposit with your supplier, who in turn delivers goods to you to sell and pay later (open account arrangement). This intervention allows you to access more goods than your capital can afford, avoiding possible stock-outs and fueling your business to the next level.
Benefits to the Buyer (Distributor):
-
You gain more trust from your Supplier(s).
-
Avoid stock-outs as supplies will be delivered in required quantities.
-
Faster Business growth due to increased turnover.
-
A very affordable option compared to direct borrowing.
-
Enhanced profitability resulting from increased sales and reduced costs.
-
Available for local and cross-border businesses
Benefits to the Seller (Supplier):
-
Protection against default or delayed payment from distributors.
-
Mitigate risks associated with using traditional collateral (such as land titles) to advance credit facilities.
-
Increased sales are expected, as distributors increase the market reach.
-
Build a more cordial relationship with business partners.
Requirements:
-
An operational bank account with Finance Trust Bank.
-
Completed application form
-
Underlying agreement with the supplier.
-
Company profile demonstrating market expertise in the relevant category of goods.
-
Collateral contribution (We are Flexible on collateral arrangements).
-
Requirements for access to a bank loan.