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Current Account Receivable

Granted to industrialists and merchants to finance working capital

Finance Regulations:

  • - Verify that grants are aimed at financing working capital.
  • - Availability of documents and records which prove the customer’s initiation of operation 3 years before the date of grant.
  • - Availability of active cash flow in the customer’s accounts during the past three years.
  • - Ceiling of available funding is %70 of the customer’s financial estimation.
  • - Annual percentage of rate is %13 quarterly.
  • - Current Account must be continuously active (for future modification and renewal)
  • - This kind of facilitation is targeted to:
    • - Commercial activities for financing the purchase of commodities and the procurement of operating cycle’s requirements for the business process.
    • - Commercial activities for financing the purchase of commodities and the procurement of operating cycle’s requirements for the business process.
    • - Agro-industrial projects for procuring operational production requirements.

Bankable assurances:

  • Real estate collateral
  • Primary securities 
  • Machinery and equipment
  • Personal guarantee
  • Bank guarantee
  • Cash deposit