Many companies that take part in tenders face a shortage of working capital. After all, customers - organizers of tenders — most often set deferred payment as the terms of settlement.
However, the absence of property that can serve as collateral makes it impossible to obtain a loan from banks. Overdraft, as a source of financing, is limited to a maximum of 40% of the amount of receipts to the account.
Under these conditions, potential collateral can be rights to claim monetary funds from customer companies for goods shipped to them or services provided. And since we are talking about claim rights, that means we cannot do without factoring.
For clients who feel a shortage of working capital for performing tenders with deferred payment, JSC «CIB» offers tender financing, namely:
provision of a tender guarantee (if needed); provision of a guarantee of fulfillment of obligations under the agreement; financing of up to 80% of the cost of goods (services provided) within the framework of the tender, after confirmation of the fact of delivery/provision of services.
A financing option is possible without providing collateral (pledge), provided that the client has a stable financial condition (the financial class is determined according to the methodology approved by the NBU).
The decision on the possibility of financing the supplier is made before the actual holding of the tender. Therefore, the supplier can take part in the tender without concerns about a shortage of working capital.
What is needed from You? Just to call by the number 0 800 501 200 (calls are free within Ukraine) to discuss with our specialist the best conditions for Your tender financing! JSC «CIB» provides each client with individual conditions and personal service.
