LPO Contract Financing
At Stanbic Bank, we enable suppliers to meet supply orders of goods that they have from a known buyer.
up to 80%
Financing
ZERO
Security
180 days
Max Tenure
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
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
-
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