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