Express Trade Solutions
Standard Chartered Bank understands your various financing requirements throughout the whole business cycle, saving you valuable time and the trouble of liaising with different banks.
Standard Chartered SME Banking offers smart business lending solutions for businesses with a comprehensive range of business finance requirements. It has been specially designed for businesses with sales turnover of USD1 million to 10 million. Based on your business’ operating cycle and expanding needs, we can customise a package to meet your requirements whether it is working capital, trade, capital expenditure or foreign exchange.
Benefits to your business
- Credit limit up to 5 times of the collateral
- Flexibility of usage – one solution for multiple needs
- Customised financing solution based on your business requirements
- Competitive rates for foreign exchange services
- Backing from Standard Chartered Bank, an internationally reputed partner with a vast presence across the Middle East, Asia and Africa
- Wide array of financing products to choose from depending on your requirement:
| Short Term Loans |
- InstalmentLoans payable in up to 12 equal monthly instalments
|
| Import financing |
- Letter of Credit (L/C) – Sight and Usance
- Loan Against Trust Receipts (LATR)
- Shipping guarantees
- Invoice financing for imports and local purchases
- Custom bonds and guarantees
|
| Export financing |
- L/C Discounting – Sight and Usance
- Pre-shipment export financing against L/Cs and purchase orders/contracts
- Document against Payment
- Document against Acceptance
|
| Working Capital |
- Overdraft
- Local cheque purchase and discounting
|
| Capex Loans |
- Loans for equipment purchases and other capital expenditure
|
| Treasury Services |
- Foreign Exchange
- Spot, Forward and Swap transactions
|
To find out more how we can partner with you in your continued growth, please call 04 4083651.
To be eligible, your business must have been established and have been in operation for at least 3 years with a minimum turnover of USD 1 million per annum. Your business can be any of the following types to apply for Express Trade Solutions:
- Limited Liability Companies (LLCs)
- Proprietorships
- Partnerships
- Free Zone Companies
The following are the basic required information and documentation to apply for Express Trade Solutions:
- Company profile
- 3 years audited financial statements plus management accounts if the latest financial statement is more than 6 months old
- Business bank statement for the last 6 months
- Copy of valid Trade license
- Copy of signed Memorandum and Articles of Association of the business
- Copy of Passport & Visa of all Directors /Proprietors
- Who could be eligible to be an Express Trade Solutions customer?
Any limited liability companies, proprietorships, partnerships, free zone companies with a minimum turnover of USD 1 million per annum and has been in operation for 3 years.
- How could my business benefit from Express Trade Solutions?
Express Trade Solutions is your smart business lending solutions that will give your business the following advantages:
- Customised financing solutions based on your business’ operating cycle and expanding needs
- Credit facility of up to 5 times the value of your security
- Flexibility of usage for you. It’s a one solution for your multiple needs.
- Competitive Foreign Exchange rates
- Backing from Standard Chartered Bank, an internationally reputed partner with a vast presence across the Middle East, Asia and Africa
- Assistance from dedicated and experienced Trade experts to support you and your business
The benefits mentioned above are subject to terms and conditions.
- What types of facilities are offered?
For your comprehensive range of business requirements, we can offer you the following facilities:
- Short term loan
- Import financing
- Export financing
- Working capital
- Capex Loan
- Treasury Services
- What is needed to be given as security?
The acceptable security types are cash, time deposits, marketable securities and Bank Guarantees.
- Am I assured of a credit facility which is 5 times the value of my security?
The maximum credit facility can be as much as 5 times the value of your security. However, the approval of your credit facility would depend on the result of the credit evaluation of your account as per the credit policies of the Bank.
- What other Standard Chartered Products could I have access to?
Standard Chartered SME Banking offers customised solutions for small and medium enterprises ranging from day-to-day transactions to short and long term investments products and other banking services.
- Business Accounts
- Business Installment Loans
- Trade & Working Capital Facilities
- Express Trade Solutions
- SME Treasury Services
- SME Banking Saadiq Tijarah Services
- Visa Business Debit Card
- Electron Banking Services – iBanking, Straight2Bank, Phone Banking
For more information
Please Call
+971 4 4083651
(9am to 5pm)
*Terms and conditions apply
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