Overdraft credit facilities allow the account holder to withdraw more money than is currently available in their account, up to a pre-arranged limit. The purpose of overdraft facilities is to provide short-term funding to businesses that have a temporary shortfall in their cash flow. The main benefits of overdrafts are that they are flexible. Overdrafts […]
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Do you need to make insurance premium payments but do not have sufficient cash flows? The bank offers insurance premium financing, which is a type of lending in which the bank provides funds to the borrower to pay for insurance premiums. The borrower then typically makes regular payments to the bank to repay the insurance
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Bridge financing facilities, also known as bridge loans or interim financing, are short-term financing options that help businesses and individuals bridge a temporary gap in funding. These facilities are typically offered by the bank for various purposes that include:a). Tax payments:b). Business operations such as stock financing, school re-opening and similar expenses. Benefits: Unsecured offers
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Do you need to acquire a specific asset, such as machinery, equipment, generators or vehicles? The bank provides asset financing facilities where the asset itself is often used as collateral to secure the credit facility. Asset financing can be used by businesses and institutions like schools, hospitals and others to acquire assets they need to
Are you a franchisee or a stockist of products from trusted suppliers abroad? You don’t have to constrain your working capital or take a loan to pay for the goods in advance. Finance Trust Bank can issue a standby letter of credit (SBLC) to your suppliers, to serve as liquid collateral upon which they can
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Under the Documentary Collection arrangement (See documentary Credits section for Details)—particularly Documents against acceptance (D/A), the seller/exporter may request an undertaking from the importer’s (buyer’s) bank that they will pay for the goods on the due date. Finance Trust Bank will support you as an importer with this undertaking (technically called Avalization), provided the importer
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This arrangement allows an Importer to pay for goods after getting possession of shipping documents (Documents against Payment (D/P) or to pay at a later date- typically after selling and collecting (Documents against Acceptance (D/A), with FTB playing an intermediary role. Whether you are an importer or exporter, make use of this service to facilitate
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Our dedicated team of Trade experts are ready to draft and furnish you special purpose guarantees perfectly matching your special need, which could be: ESG (Environmental, Social & Governance) Guarantee Regulatory License securing guarantees, such as labor and other export licenses, gaming and betting operators licenses, among others. Shipping Guarantees Customs or tax payment guarantee
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Are you importing any items for use in the fulfilment of a contract or for onward sale? The bank offers a variety of documentary credit types which are financial instruments used in international trade to provide more secure methods of payment. A documentary credit is typically an irrevocable commitment by the bank on behalf of the importer or buyer (the
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Our invoice discounting facility is crafted to maximize your working capital by advancing you a big percentage of the cash immediately against confirmed but unpaid customer invoices, rather than waiting for the full credit period. Benefits: With Finance Trust Bank, you can obtain up to UGX200 Million, unsecured under this arrangement Enjoy the fastest turnaround
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