Does your business need a specific financing need? Sign up for an FirstBank Term Loan designed to provide funding of a specific amount with a specified repayment schedule and a floating interest rate to meet the working capital needs of your business.
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How to Apply?
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Features
Benefits
- Improves your cash flow by bridging the gap between the time when you must pay for imported goods and the time when you receive payment for selling them
- Enhances your bargaining power with overseas suppliers because you are able to agree to faster payment terms
- Enables you to pay suppliers promptly, building your business credit rating and reputation
Required Documentation
- Application letter
- Duly completed loan application form
- Certificate of registration of business entity
- Invoices of goods to be purchased
- Audited financials
- Company’s statements
- Other Banks’ statement of account of 12 months preceding application
Who Can Apply?
- Trade businesses who import finished goods
How to Apply?
To apply for the Import Duty Finance
- Visit the nearest FirstBank branch.