Aiming at the goal of financing and providing solutions to support businesses operating in the construction sector. SeABank has proposed the solution “Construction and installation business sponsorship”. So what are the mechanisms and characteristics of this solution? The following article will provide the necessary information.
What is construction business financing?
Construction business sponsorship is a complete product for business customers operating in the field of Construction and Installation. The characteristic of this product is to support the management of payment sources going into each project item and suitable for the characteristics of the industry. Each project/construction will have a loan period, appropriate and flexible funding form.
What is the Construction Business Financing solution at SeABank?
Optimal solution for construction financing at SeABank
Understanding the difficulties that construction and installation businesses face. SeABank has come up with a solution "Construction business sponsorship” to support businesses operating in this field. Specifically, the main forms of credit for this solution are as follows:
- Lend additional working capital to businesses on a one-time basis or according to a limit.
- Open import L/C for businesses.
- Issue letter of guarantee.
Each form of credit will have its own characteristics and advantages suitable for each business, however, this solution offered by SeABank meets the complete needs of customers, from the stage when customers participate in bidding to the construction and completion of construction projects.
Sponsorship from bidding stage to construction and completion
- The subjects that can participate in this service at SeABank are mainly corporate customers who are main contractors, subcontractors,Joint venture contractors operating in the field of construction and installation, supervision consultancy, design consultancy that are designated as contractors or have construction and installation contracts with investors that meet SeABank's conditions, and enterprises operating in the field of construction and installation with capital to carry out projects can participate in this product.
- Advantages of this solution:
- Flexible collateral structure, accepting collateral as future debt claims, formed from construction contracts, suitable for businesses in the construction sector.
- Competitive financing to collateral value ratio in the market.
- Flexible advance payment guarantee release suitable for construction sector. Guarantee does not require collateral and will be flexible according to SeABank's regulations.
- SeABank manages and provides flexible credit: Currently, the maximum capital funding ratio at SeABank is up to 100% of the contract value, with a maximum loan term of 12 months.
- SeABank has a team of dedicated, professional consultants ready to accompany and support businesses with the motto of always striving to bring the best quality of service to customers.
Becoming a customer of SeABank, businesses will enjoy all the benefits and preferential products in the ecosystem that SeABank has. For more information about this product, please contact SeABank Branches/Transaction Offices nationwide or visit the website or via Hotline 1900.599.952 (KHDN) for the most timely advice and support.
