Trade and Working Capital Financing
Here at Standard Chartered Bank your needs and our offers go hand in hand. If your business requires various combinations of banking facilities then our Trade and Working Capital Financing is here to provide you the perfect blend.
The lists of benefits that Standard Chartered Bank offers to face your needs are:
- Letter of Credit
- Loan Against Trust Receipt (LATR)
- Revolving Loan (RL)
- Local Bill Discounting (LBD)
- Term Loans
- Bank Guarantee
- Shipping Guarantee
- Foreign Exchange Forward
- Overdraft Facilities
Features
The beneficial features of Standard Chartered’s Trade and Working Capital are:
- Facilities of up to BDT 120,000,000 (taka twelve crore) only for single customers and up to BDT 150,000,000 (taka fifteen crore) only for groups
- Fast access to trade lines and transactions
- Dedicated experts to support with all your banking needs
- Easy access to operational accounts
- Competitive rates for foreign exchange services
- Wide options of instruments to serve as security or collateral
- Acceptable collaterals: Property, Cash/Bond/FD, Stock Hypothecation, Personal Guarantee, Corporate Guarantee, etc.
Eligibility
To avail these benefits a business must fulfill the following criteria:
- Minimum Annual turnover of BDT 200,000,000 (Taka twenty crore) only
- 3 years of business experience
Frequently Asked Questions (FAQs)
Q Who is eligible?
A Any Business enterprise (Private Limited., Partnership or Sole Proprietorship) with 3 years or more of experience in the same industry can apply for this loan.
Q Do I need a minimum or maximum turnover?
A Yes, the minimum annual turnover is BDT 200 Million (Taka twenty crore) only.
Q What is the loan amount that I can expect?
A For single businesses the loan can be as high as BDT 120 Million and for each concern of any group of companies the amount can pile up to BDT 150 Million.
Q What can be accepted as collateral or security?
A Some of the acceptable and popular sorts of collateral include Property, Cash/Bond/FD, Stock Hypothecation, Personal Guarantee and Corporate Guarantee.