Short term financial solution to enable businesses carry out supply /service orders. This is targeted at companies (contractors/manufacturers/service providers).
Loan Features
Amount Up to 50% of contract amount
Duration/Loan Term Based on contract tenor.
Cheques that cover all the instalment of the loan.
Fixed/ tangible asset with value higher than contract
Frequency of Payment Depending on the transaction dynamics.
Requirements / Conditions
Confirmation of award of LPO contract by issuing company
Applicants must have a current account with Aztec MFB
Domiciliation/Assignment of contract receivables to Aztec MFB
Preformat invoice or quotation for item to be purchased
Bank statement for the last six (6) months for new customers
Valid business registration and permit documents
Resolution to borrow from company directors
Evidence of similar contract (s) executed by customer.
