Import Duty Finance

The FBNBank 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 FBNBank Gambia branch

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