7Jan/09313
Domestic Trade Financing
Program Title: Domestic Trade Financing
Program Objective: To provide working capital for Local Trade Transactions.
Eligible Borrowers:
- Manufacturers (direct/indirect), Traders, Distributors of various industry sectors (furniture, gift, toys, housewares, Christmas decors, garments, fine jewelries, and food among others) whether single proprietorship, partnership or corporation
Loan Purposes:
- Working capital requirement
- Inventory financing
Terms/Requirements:
- Amount: Up to 70% of Domestic Letter of Credit (L/C), Purchase Order (PO), Sales Confirmation (SC), Pro Forma Invoice (PI), Placement Memorandum (PM)
- Interest Rate: Prevailing commercial rate at the time of booking
- Maturity / Repayment: LC expiry date/15 days after shipment date for PO, SC, PI, PM
- Security:
- Real Estate Mortgage (REM), Chattel Mortgage (CHM)
- Guarantee Cover thru Small Business Corporation
- Continuing Suretyship of Principal Owners
- Post dated checks (PDCs)
Program Partner/Conduit: Small Business Corporation
Contact Details:
Luellia E. Cayas - Business Manager
Phone: 878.0200
e-rnail: lecayas@exportbank.com.ph
Katrina B. Sanvictores - Commercial Banking Head
phone: 878.0211 Fax: 878.0249
e-mail: kbsanvictores@exportbank.com.ph
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