A short-term loan that is availed against expected certificate/payment voucher receivables
Features
Maximum tenor of six months bullet repayment upon receipt of contract proceeds Issuance of joint payment agreement by awarding agency, assignment of expected receivables
Benefits
Access to up to 70% of value of payment certificate/voucher ahead of receipt of contract proceeds
Target Audience
Contractors
Application Requirements
Completed application form Business Registration documents Business Profile Payment certificate to be discounted Collateral documents (where additional security is required)