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Short Term Financing

Our short-term financing solutions give your organization the flexibility to manage your cash flow, work on short-term projects and keep your business running. Financing could be a working capital loan or a seasonal loan.

  • Advance Payment Guarantees

    Sometimes the contract stipulates that payment needs to made in advance. The Advance Payment Guarantee is assured value for money. The facility guarantees that the amounts advanced will be repaid if the contractor does not fulfill the obligations set out on the contract.

    What we need from you:

    • Full or partial security cover depending on your risk profile

    Rates and Fees*

    • 4% commission per annum (negotiable)

    *Charges are not inclusive of tax

  • Performance Guarantee

    Great, you’ve landed that contractor’s project. What next? Get a Performance Guarantee for your employer or concessionaire to guarantee that you will carry out the obligation set out in your contract of works.

    What we need from you:

    • Full or partial security cover depending on your risk profile

    Rates and Fees*

    • 4% commission per annum (negotiable)

    *Charges are not inclusive of tax

  • Bid Guarantees

    Are you a contractor bidding for the next big project? The Bid Guarantee will ensure that you bag it, while assuring an employer that you will not withdraw the bid within the specified period for acceptance. It also assures them that you will hold up your end of the bargain and furnish the required bonds in the agreed period of time.

    You have an option of an unsecured Bid Guarantee of up to KSh 50 Million or equivalent in foreign currency.

    What we need from you:

    • Duly filled Guarantee Application form (format of the bid security)

    Rates and Fees*

    • 4% commission per annum on unsecured Bid Guarantee (negotiable)

    *Charges are not inclusive of tax

  • Certificate Discounting

    Don’t stall your project due to any unreceived payments. Our working capital loan facility allows you to stay liquid pending any receipts or collection of payment for work already invoiced. This facility offers the benefit of managing working capital and cash flow requirements for the contractor such as wages, salaries and other supplier payments pending collections.

    What we need from you:

    • Certified copy of certificate to be discounted, duly executed by the employer
    • Request letter on company letter head
    • Company Incorporation documents including certificate of incorporation (COI), PIN and Memorandum & Articles of Association
    • 3 years audited financials
    • Profile of the company, key persons in management and its directors

    Rates and Fees*

    • Interest Rate - Central Bank Rate (CBR) + 4%
    • Facility Fees - 2% one-off flat charge (negotiable)

    *Charges are not inclusive of tax

Interested in Short Term Financing or have a question?

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