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Home(https://www.iibanks.com/westafrica/en/) Corporate(https://www.iibanks.com/westafrica/en/corporate/) Line of Credit
Line of Credit
A line of credit is given against a current account which can be used to finance your company’s liquidity requirements. This allows you to continue your day-to-day operations without the stress of your financing needs.
Features
Amount
Maximum amount will be determined on a case-by-case basis.
Term
Up to 12 Months, renewable upon case-by-case analysis and commercial approval.
Repayment
Guaranteed promissory note, loan agreement, pledge of term deposit, mortgages or other guarantees accepted by iib.
Interest
For indicative interest rates, please download the iib price list. Final rates are assessed on a case-by-case basis.
Download pdf(https://www.iibanks.com/westafrica/wp-content/uploads/sites/4/2023/05/Precario-2023.pdf)
Other conditions:
Written request
Documents proving the purpose of the credit
Your Company’s earnings (balance sheets/income statements etc.) for the last 3 years
Other documents related to the guarantees received
Investment credit
A medium to long-term loan that supports your company’s investment projects.
Read More(https://www.iibanks.com/westafrica/en/corporate/investment-credit/)
Third party guarantee
Credit in the form of guarantees and/or sureties, is intended to guarantee to third parties the fulfilment of obligations by your company.
Read More(https://www.iibanks.com/westafrica/en/corporate/third-party-guarantee/)
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