The FirstBank Import Financing Facility product is designed to give you the financial assistance required to bring all your goods to shore
Features
- Credit facilities can be made available via Letters of Credit, Bills for Collection etc
- Equity contribution is required
- Facility is short tenured
Benefits
- Improves your cash flow by bridging the gap between the time when you must pay for imported goods and the time when you receive payment for selling them
- Enhances your bargaining power with overseas suppliers because you are able to agree to faster payment terms
- Enables you to pay suppliers promptly, building your business credit rating and reputation
Required Documentation
- Application letter
- Duly completed loan application form
- Certificate of registration of business entity
- Invoices of goods to be purchased
- Audited financials
- Company’s statements
- Other Banks’ statement of account of 12 months preceding application
Who Can Apply?
- Trade businesses who import finished goods
To apply for the Import Duty Finance,
- Visit the nearest FirstBank Gambia branch
