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LPO Contract Financing

LPO / contract Financing

LPO/ Contract financing enables to meet supply orders of goods that they have from a known buyer

 

 

 

Some of the benefits

Accessible

Up to 80% of the cost of the contract

Immediate access

Immediate access to the proceeds of sales (eases cashflow)

Loan Term

180 days financing tenure

No Security required

Enables suppliers to fulfil their orders without provision of security
What you get
  • Enables suppliers to fulfil their orders without provision of security
  • The bank may finance up to 80% of the cost of the contract
  • Maximum tenure for financing is 180 days
  • Refer to general terms and conditions
What it costs
How to get it

The following are required

  • Letter from the supplier requesting for a facility to perform a specified contract
  • Copy of contract or local purchase order from the buyer
  • Assignment of payments to the Bank by the buyer
  • The goods in question to be delivered directly by manufacturer or Stanbic Bank appointed logistics company to the buyer who will acknowledge receipt/delivery of the same.
  • All costs in respect of delivery are to be for the account of the supplier
  • Any installation if so, required will be undertaken by the supplier after which they will invoice the buyer under copy to Stanbic Bank

 

Email   [email protected]   or visit your nearest Stanbic Bank branch for more information with the following documentation

Refer to general terms and conditions

  • What you get
  • What it costs
  • How to get it
  • Enables suppliers to fulfil their orders without provision of security
  • The bank may finance up to 80% of the cost of the contract
  • Maximum tenure for financing is 180 days
  • Refer to general terms and conditions

The following are required

  • Letter from the supplier requesting for a facility to perform a specified contract
  • Copy of contract or local purchase order from the buyer
  • Assignment of payments to the Bank by the buyer
  • The goods in question to be delivered directly by manufacturer or Stanbic Bank appointed logistics company to the buyer who will acknowledge receipt/delivery of the same.
  • All costs in respect of delivery are to be for the account of the supplier
  • Any installation if so, required will be undertaken by the supplier after which they will invoice the buyer under copy to Stanbic Bank

 

Email   [email protected]   or visit your nearest Stanbic Bank branch for more information with the following documentation

Refer to general terms and conditions