REVOLVING EXPORT CREDIT

A revolving export credit facility is an advance extended to exporters upon presentation of acceptable export documents, except a bill of lading. The facility should be advanced against valid export documents.

Type of document required

– In order to begin the loan application process, you must present:
– Loan application letter
– Identity card
– Proof of income or employment
– Marital status
– Be at least 18 years of age
– Collateral ownership document

– Trade/Business License
– Tax Identification Number
– Vat Identification Number
– Investment License
– Principal registration certificate

– Commercial Credit Report /CCR/ for loan request below Birr 1 million
– Provisional Financial Statements for loan requests from Birr 1 – 5 million
– Audited Financial Statements, including cash flow forecast
– Projected Financial Statement for project loan request

Title deed/LHC, Lease agreement, lease payment receipt Booklet, etc

– Management and Organization
– Facilities (Factory building, store, shop, vehicles, machines, etc)
– History and nature of the business

– (Term loan, Overdraft account statement, merchandise loan account statement, statement that shows Import/Export performance – at least six months )

– Stock, debtors, and creditors, and other significant figures break down
– Ownership certificates or rent contracts of properties
– Memorandum and Article of Association
– Supporting documents of business facilities – warehouse, machines
– Contracts at hand and construction projects completed
-Machinery Invoice – purchased and to be purchased
– Tax Clearance Certificate

Demos

Layout

Wide
Boxed
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