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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