Import / Export Finance

Working capital for your domestic, regional and global trade transactions

Overview

The BANK OF AFRICA trade finance loan is a short-term working capital finance solution allowing importers and exporters to finance their trade commitments on a transactional basis supported by the appropriate trade documentation.

MULTI-CURRENCYMulti-currency funding in currency of the payment obligation

TAILOR-MADE STRUCTURETailor-made credit structure according to your business cycle

FLEXIBLE REPAYMENT PLANFlexible and affordable repayment periods up to 12 months

UP TO 100% FINANCINGAccess up to 100% trade facilitation financing

ANNUAL LIMITSAnnual financing limits available to reduce delays in processing of your recurring trade finance requests

QUICK ProcessingThere when you need it. No delays

What You Get

Free up available working capital by accessing quick funding to cover the period from when funds are paid to your supplier to the point your business receives funds from the sale of the finished goods. We are with you through your cash conversion cycle
Stay in control of your transaction with our secure documentary collections and letters of credits
Negotiate more favorable commercial terms with suppliers and benefit from potential early and full payment concessions
There when you need it. No delays. Enjoy flexibility allowing access to funds when they need them most matched to your specific trade flows

Access quick funding based on confirmed orders for the production and supply of the goods to importers/buyers
Stay in control of your transaction with our secure documentary collections and credits
Negotiate more favorable commercial terms with your buyers (importers) and provide a more competitive offering to grow your business
There when you need it. No delays. Enjoy flexibility allowing access to funds when they need them most matched to your specific trade flows

Download our services and products pricing guide for more information.

General Business Credit Application Requirements

Fully filled in business loan application form (Available at a branch or delivered to your office)
Financial credit bureau card for the borrowing entity
Business bank statements for past 12 months
Business financial statements, including and income statement, balance sheet and cash flow
Passport size photograph of each director
Copy of valid identification card of each director
Valuation report for the property / assets to be pledged as collateral (where applicable or requested by the Bank)
Business plan and an updated business profile
Tax identification number (TIN) and tax clearance certificate
Formal written request stating the amount, purpose, tenor, source of repayment and proposed security
Board resolution to borrow
Trading license
Any other information as may be requested by the Bank, depending on the nature of the request. Our Relationship Management team will guide you on the process