This is a funding option for businesses that need cash to fulfil single or multiple customer orders. Pinnacle Financial Services Ltd shall offer this facility to businesses whose sales outpace the working capital.
Under this loan, Pinnacle Financial Services requires SMEs to possess the following to qualify for this loan:
- Business Registration
- National ID
- MRA Tax Clearance
- Signed LPO/Contract
- 6 months bank statement
- Financials for the amount over 10million
- Partnership deed for a partnership business/Articles of association for a Limited company
- Business Profile
- Assignment of proceeds /Documents for the property to be pledged
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