Contractor Special Loan
Is for business persons who offer their product or service on a contract performance where payment from the persons who owes them is delayed by way of in completion of contract of payment is delayed on the basis of a promised future period for their debtor to make payments
Offering
- Pay only Interest for an agreed period
- Pay principal at an agreed period
- Borrow for any bridging need
- Enjoy low interest cost of 1.26%* approx.
- Pay lump sum payment at anytime
- No processing fees
- Early close out; No Problem-No Penalty
Condition
- Standard security collateral is required
- Where primary security is inadequate consideration will be given to the added usage of secondary security packaging elements
- Including the completing the contract for an agreement assignment of debt receivable
- Agreement for floating charge on present and future assets
- Bank standing order
OBF Imperatives
All necessary checks to affirm the truth of all matters stated before a grant of a loan is necessary (see imperatives for other as the packaging and follow)