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Solid Loop

This is a unique product which enables a customer to borrow a temporary facility to finance orders, procured from the government, parastatals, and other reputable firms and institutions.

Features

  • Finance of up to 60% of the cost of the LPO
  • Security required
  • Flexible repayment period of up to 120 days subject to the customers trading cycle
  • Quick approval process

Requirements

  • LPO from a reputable organization pre vetted by the Bank
  • Proforma invoice or quotation of items of purchase from the supplier
  • Copy of the contract
  • Should have banked with the Consolidated Bank for at least 6 months
  • Should demonstrate technical capacity to perform the order

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