Working Capital Financing
At Republic, we offer a range of Corporate Services. Facilities are available in either EC$ or US$; and interest rates are usually tied to either EC$ or US$ Prime Lending Rates. Fixed Interest Rates are also offered.
Working Capital Financing
Capital Expenditure Financing
WORKING CAPITAL FINANCING
A commercial overdraft is a form of credit which is extended to business clients e.g. sole traders, partnerships and limited liability companies to assist with working capital and daily expenditure of the business. Depending on the level of the overdraft requested and your credit rating, security may be required before the overdraft facility is approved.
Pre-approved credit limits.
Overdraft limits can be increased from time to time and also for occasional and temporary circumstances.
Interest is calculated only on the amount of the overdraft utilised.
Group Life and Disability Insurance Coverage available for Directors/Partners.
Improves cash flow of your business by allowing you to pay for goods and services pending receipt of receivables.
Proper servicing of this facility establishes a good credit rating thus ensuring future credit.
To finance stocks and receivables. Repayment term varies from minimum 30 days to maximum 180 days. Very attractive Fixed Interest Rates are offered.
To assist with cash flow/facilitate trade such as settling invoices and purchasing raw materials. Can be used by importers for certain items of raw material or merchandise separate to other working capital lines. These are usually settled between 30 - 180 days from export proceeds. Additionally, this facility is ideal for financing contracts/ specific orders.
Short Term Financing (between 30-360 days) arranged with institutional funding for amounts in excess of EC$100M/US$16M. Facilities arranged are usually fully secured and reserved for first class issuers. Very cost effective pricing.
CAPITAL EXPENDITURE FINANCING
Commercial Mortgage Loans
For acquisition of land and buildings. Term usually varies between 5 to 15 years. Moratorium on principal repayments available.
To finance purchase of plant and equipment, property modification, etc. Repayment period varies between 1 year to 5 years with moratorium on principal payments available in the first year.
Bond Issues/Syndicated Loans
Long Term Financing (up to 20 years) arranged with institutional funding for amounts in excess of EC$100M/US$16M. Various structures are available to allow the Issuer complete flexibility to meet unique needs.
© 2008 Republic Bank (Grenada) Limited. All rights reserved.
Legal & Privacy Statements
[ by Webgold Designs ]