In supply contracts, the fact that the investor has not paid all the goods or only made a partial advance payment is a decisive factor in the business's operating capital. Therefore, to support operations and remove difficulties in capital sources for businesses, SeABank has launched the product "Supply Contract Financing". What are the mechanisms and characteristics of this solution? The following article in the News section will provide the necessary information.
Supply contracts between enterprises
When is supply contract financing applicable?
A supply contract is an agreement signed between a business and a buyer when supplying machinery, equipment, raw materials, goods, etc. However, the buyer has not paid or only advanced a part of the capital, so the business needs to borrow capital to perform the contract. In order to support businesses in this business activity, SeABank has built the product "Supply contract financing".
This product is applied by SeABank to businesses operating in almost all fields such as: Electrical equipment; Electronics; Construction; Chemicals; Telecommunications... With a variety of credit forms and flexible collateral policies. This is a comprehensive, specialized financial solution package chosen and trusted by many customers.
Supply contracts are applicable in all fields.
Conditions for using contract financing products provided at SeABank.
To use the contract financing product provided by SeABank, customers need to meet the following conditions:
- Prestigious customers, good credit history:
- Effective business operations and good financial potential.
- Signed supply contract, assessed by SeABank as having sufficient capacity to perform the supply contract.
- Meet the collateral requirements.
- Meet other credit conditions according to SeABank's regulations.
Benefits businesses receive when using the product Supply contract financing at SeABank?
With the product “Supply Contract Financing”, SeABank supports businesses in a complete package from purchasing goods from suppliers and selling goods to their purchasing partners. Specifically, the main forms of credit are as follows:
- Short-term loans according to credit limits/each time to perform specific Supply Contracts.
- Guarantee issuance: With SeABank's loan guarantee package, businesses can access funding without having to deposit or mortgage assets. This helps businesses reduce financial pressure, increase production, business and other investment activities.
- Issue import LC.
Supply contract financing at SeABank
Financing products based on Supply Contracts for SeABank's corporate customers aim to provide the best service, support capital to help smooth operations and remove difficulties in transactions.
- The advantage of this solution is the flexible collateral structure, businesses can be issued a credit guarantee loan of up to 100%.
- Multiple collateral options: Businesses can secure deposits, real estate, vehicles, and debt claims.
- The credit to value ratio is relatively competitive.
- Preferential and attractive loan interest rates on the market.
- SeABank has a team of dedicated, professional consultants ready to accompany businesses and always strive to bring the best quality to customers.
Conclusion
Supply contract financing at SeABank is an industry-specific financing product, suitable for almost all sectors, helping businesses optimize their capital. In addition, SeABank has an ecosystem of other products that you can choose and use.Hopefully, the above information will help you better understand Supply Contract Financing at SeABank. For more information, please contact SeABank at the website or Hotline 1900.599.952 (KHDN) to get advice and experience services from SeABank.
